Bribery and Kickbacks in the Procurement Process (Currently Unavailable)

Author: Paul McCormack

Commercial bribery comes in many forms and is notoriously difficult to prevent, detect, and investigate. This webcast helps practitioners understand the forms of commercial bribery including bribes, kickbacks, and gratuities. It includes examples of commercial bribery gathered from a number of industries. Each "real world" case will include a detailed discussion of the red flags associated with the activity and a list of lessons learned. The participants will also learn how to implement changes in people, process and technology to minimize the frequency and magnitude of commercial bribery schemes.

Publication Date: February 2014

Designed For
CPAs responsible for preventing, detecting and investigating fraud.

Topics Covered

• Fraud definitions
• Overview of the forms of commercial bribery
• Types of bribery and corruption that exist at each stage of the procurement process
• Schemes involving collusion between employees and vendors
• Payment methods and vehicles used to hide or disguise illegal payments
• Ten cases involving commercial bribery and kickbacks

Learning Objectives

• Identify the various forms of corruption that exist within the procurement process
• Recognize the various red flags associated with procurement fraud
• Recognize how to maintain and improve fraud "IQ"

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None.

Advance Preparation
None.