Contract and Procurement Fraud – official ACFE (CPE) course
The 2-day official ACFE (CPE) course Contract and Procurement Fraud will teach you the best practices in preventing, detecting and investigating contract and procurement fraud
Contract and Procurement Fraud – mode of study
Option 1: 2-day public course (in-class and live online)
Option 2: In-house course (in-class and live online)
Also see the ACFE (CPE) courses
- Fraud Risk Management
- Conducting Internal Investigations
IMF Academy is an ACFE authorized training organization
IMF Academy is an ACFE authorized training organization and the exclusive provider of CFE (Certified Fraud Examiner) and ACFE (CPE) trainings in the Benelux.
How to prevent, detect and investigate contract and procurement fraud
The rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud. This 2-day course will teach you the best practices in preventing, detecting and investigating contract and procurement fraud.
Organizations can be defrauded through collusion among bidders, between employers and contractors, and by sole procurement employees. Consequently, you need to be aware of the vulnerabilities and risks associated with fraud schemes that attack the purchasing, procurement and contract functions. Acquire the knowledge, skills and techniques you need to prevent, detect and deter these devastating frauds and join the course Contract and Procurement Fraud!.
What will you learn in this official ACFE (CPE) training?
In this 2-day Contract and Procurement Fraud course you will learn how to:
- Determine if a procurement scheme violates legal statutes or civil laws
- Identify the red flags of bribery and corruption
- Recognize bid-rigging and market-allocation schemes
- Reduce the risk of vendor fraud
- Develop an investigation plan to respond to suspected procurement fraud
Who should attend?
The 2-day course about contract and procurement fraud is meant for:
Certified Fraud Examiners (CFEs) and other anti-fraud professionals; government procurement officers; internal and external auditors; professionals seeking knowledge of fraud in the procurement process; forensic and management accountants, accounts payable and financial analysts; controllers and corporate managers; governance, risk management and compliance officers; attorneys, legal professionals and law enforcement personnel; detectives (GRC) and private investigators.
There are no specific prerequisites for the official ACFE (CPE) training Contract and Procurement Fraud.
About ACFE (association of Certified Fraud Examiners)
ACFE is the world's largest anti-fraud organization and the premier provider of anti-fraud trainings and education. Together with more than 85.000 members in 160 countries and chapters in 125 countries, ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.
Maintaining your Certified Fraud Examiner (CFE) certification – CPE requirements
To maintain your CFE credential, you are required to earn at least 20 hours of Continuing Professional Education (CPE) every 12-month period. Al least 10 of these hours must directly relate to the detection and deterrence of fraud and 2 hours must directly relate to ethics. If you have earned more than 20 hours of CPE in your previous reporting period, you may rollover up to 10 hours to meet your current CPE requirements.
Individuals holding a Certified Fraud Examiner (CFE) certification may claim 16 CPE credits to maintain their certification. You will receive a certificate of completion that includes the number of CPE hours attained to claim your CPE credits for the 2-day Contract and Procurement Fraud course.
The following courses are very interesting for you and/or your colleagues:
- Certified Fraud Examiner (CFE)
- Fraud Risk Management – official ACFE (CPE) course
- Conducting Internal Investigations – official ACFE (CPE) Course
- Commercial & Contract Management
- ISO31000 Risk Management
- Business Process Management (BPM) Master
- CDMP (Certified Data Management Professional)
- Certified Cost Professional (CCP)
- Cost Estimating Foundation
With at least 5 participants an in-house training could be your best option. An in-company training, customized to the needs of your organization, has many advantages and:
- saves you and your colleagues time
- enables you to train in the comfort of your own working environment
- saves travel and accommodation expenses
- can be arranged at a time convenient for you
- sensitive issues can be discussed openly since no outsiders are present
Do you prefer an in-company training? Please call us at +31 (0) 40 246 02 20 or send an e-mail to [email protected] for more information. We are more than happy to discuss the various possibilities with you.
Contract and Procurement Fraud – program
The procurement process
- Public versus private procurement
- Methods used to acquire goods and services
- Four phases in the procurement (tendering) process
- Employees involved in the purchasing process
- Procurement involving contracts
- Types of contracts used to purchase goods and services
Legal elements of procurement fraud
- Criminal actions
- Civil actions
- Administrative actions
- Penalties and legal remedies
- Principal criminal violations in procurement
- Principal civil violations in procurement
Bribery and corruption
- Illegal gratuities
- Economic extortion
- Conflict of interest
- Red flags of corruption schemes
Collusion among contractors
- Bid rigging schemes
- Market division
- Preventing bid rigging, market allocation, and other types of collusion
- Red flags of bid rigging, market allocation, and other schemes involving collusion among contractors
- Detecting bid rigging, market allocation, and other schemes involving collusion among contractors
Collusion between contractors and employees
- Need recognition
- Bid tailoring
- Bid manipulation
- Unbalanced bidding
- Leaking bid data
Fraud in procurement without competition
- Unjustified sale-source awards
- Purchases for personal use
- Bid splitting
- P-card schemes
- Petty cash abuse
- Invoicing schemes
- Nonconforming goods or services
- Change order abuse
- Cost mischarging
- Commingling of contracts
- Vendor due diligence
- Managing vendor risks via contracts
- Risk of shell companies
Detection and prevention
- Instituting an ethics and compliance program
- The principles of fraud risk management
- Establishing a procurement fraud detection and prevention program
- Step one: conduct a fraud risk assessment
- Step two: develop a tailored anti-fraud program
- Step three: establish a response plan
Investigating procurement fraud
- Develop an investigation plan investigating procurement fraud schemes
All participants will receive a Personal Certificate. Individuals holding a Certified Fraud Examiner (CFE) certification may claim 16 CPE credits to maintain their certification.
Robert Lamers CFE
Robert Lamers is an anti-fraud and crisis management specialist. He served as a senior corporate anti-fraud officer with NN Group and ING Insurance for many years. Robert is the former head of European Partnership Development at the Association of Certified Fraud Examiners (ACFE) and toptrainer of our CFE and ACFE CPE trainings.
The training Contract and Procurement Fraud lasts for 2 days. Each day starts at 09.30 hrs and ends around 17.00 hrs. The training will take place close to Amsterdam (The Netherlands), in-class and live online, up to your choice, on the following dates:
- Please keep an eye on our website for new course dates or request a brochure so we can inform you about our current course planning!
Fee / Registration
The fee of the 2-day official ACFE (CPE) training Contract and Procurement Fraud, is € 1,980 (VAT excl.) per person. The fee includes all lunches, coffee/tea, the official ACFE documentation and 16 CPE credits for maintaining your CFE certification (if applicable).