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Managing Procurement, Contracting & Vendor Fraud Risks : Internal Audit Techniques, Red Flags & the Ethical Dimensions
In-Person


7

CPD Hours Awarded

In Stock

$490.00/Pax

Date: 25 September 2026
Time: 9am – 5pm

This workshop qualifies for 2.0 CPE hours in Ethics and Professionalism (Category 2) and 5.0 CPE hours in Other Relevant Expertise

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are available in the training room to charge your digital device.

 

Participant (In Person) 1

Events/Attendees Discount Discounted price
2 5% $465.50
3 - 999 10% $441.00


Sign up for 1 event with 2 attendees: 5% discount
Sign up for 1 event with 3 or more attendees: 10% discount

Sign up for 2 events: 5% discount
Sign up for 3 or more events: 10% discount

Above discounts are only applicable per checkout

This workshop provides a practical deep dive into how fraud can infiltrate the procure-to-pay (P2P) cycle — from sourcing and evaluation to contracting and payment. Participants will learn to identify red flags such as bid suppression, price cartels, repetitive winners, and split purchases, while exploring the risks posed by shell companies, fraudulent vendors, and kickback schemes.

Through case studies across public, private, and non-profit sectors, the course highlights real-world examples of procurement fraud and the accounting irregularities behind them. Advanced internal audit techniques — including data analytics, sampling, and trend analysis — will be introduced to strengthen detection and oversight.

Beyond technical controls, the program emphasizes governance, approval workflows, and procurement integrity, equipping professionals to manage conflicts of interest, prevent corruption, and foster an ethical procurement culture.

  • How fraud occurs across sourcing, evaluation, contracting, and payment
  • Red flags: bid suppression, price cartels, repetitive winners, split purchases
  • Shell companies and fraudulent vendors: indicators and forensic checks
  • Kickback schemes, conflict-of-interest risks, and invoice manipulation
  • Advanced internal audit techniques for P2P audits (data analytics, sampling, trend analysis)
  • Case studies from public, private, and non-profit sectors
  • Strengthening governance, approval workflows, and procurement controls
  • Promoting integrity, managing conflicts of interest, preventing corruption, and strengthening an ethical procurement culture.

By the end of the workshop, you will:

  • Understand the full fraud landscape across the procure-to-pay (P2P) cycle
  • Learn to identify red flags, atypical patterns, and behavioral indicators of collusion
  • Know how to apply investigative audit techniques to detect vendor-related fraud early
  • Be able to assess the effectiveness of procurement and contracting internal controls
  • Learn how to strengthen audit programs to better test, document, and escalate findings
  • Learn practical steps to foster an ethical procurement culture and governance in your organisation

This workshop qualifies for 2.0 CPE hours in Ethics and Professionalism (Category 2) and 5.0 CPE hours in Other Relevant Expertise

Internal auditors, procurement auditors, finance professionals, procurement officers, and compliance teams who review vendor transactions and contracts

Kingston Low

CA, CIA, CISA, CRMA, CBCP, and FFP

Kingston Low is a highly accomplished and seasoned professional with over 20 years of experience in corporate governance, risk management, and internal audit. He has a proven track record of advising boards and businesses on enhancing productivity, effectiveness, and risk mitigation strategies. He has successfully led business redesigns and implemented best practices that resulted in significant efficiencies and cost savings.

As a distinguished trainer and thought leader, Kingston shares his expertise at conferences and conducts specialized training for various professional institutes. He is passionate about mentoring the next generation of internal audit, risk management and Business Continuity professionals, ensuring they are equipped with the knowledge and skills to excel in an ever-changing business landscape.