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Managing Procurement, Contracting & Vendor Fraud Risks : Internal Audit Techniques, Red Flags & Real-World Lessons
In-Person


7

CPD Hours Awarded

In Stock

$490.00/Pax

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

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

Every year, organisations lose millions through hidden procurement fraud schemes—bid-rigging, kickbacks, collusion, and shell vendors operating right under management’s nose. What makes these schemes dangerous is that they often bypass controls designed to stop them. This workshop reveals how such fraud actually happens, how to spot subtle red flags, and how you can uncover irregularities before financial loss escalates.

  • 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

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

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.