Description
Review various types of procurement fraud and discuss indicators to recognize and prevent fraudulent activities.
Procurement fraud occurs throughout the procurement lifecycle. It can be perpetrated by any individual within the procurement and contracting community, from procurement managers to csuite executives and can also involve government personnel.
Government contractors must be aware of the common procurement fraud schemes and be able to recognize conduct indicative of procurement fraud. Failure to identify and prevent procurement fraud from occurring subjects government contractors and their employees to administrative, civil, and even criminal liability.
This program will provide an overview of common government procurement fraud schemes, starting from contract formation through contract performance. We will review recent enforcement trends in wellknown fraud schemes such as kickbacks, collusive bidding, and small business fraud as well as more nuanced government procurement topics such as subcontractor performance, quality assurance testing, cost accounting, and defective products. Using recent case examples from civil and criminal cases, we will explore the government enforcement lens on these issues and highlight conduct companies should be aware of as part of their compliance efforts.
Date: 2023-09-12 Start Time: 1:00 PM ET End Time: 2:30 PM ET
Learning Objectives
* You will be able to identify the most commonly investigated types of procurement fraud.
* You will be able to recognize signs and indicators of procurement frauds.
* You will be able to explain how procurement fraud is referred to and investigated by the government.
* You will be able to review and evaluate current internal controls within your company to help prevent procurement fraud.