Purchasing and Stock Fraud: Detection, Avoidance and Control

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Free WiFi Available

  • Start Date

    25 Aug, 2020

  • End Date

    28 Aug, 2020

  • Price


  • WiFi

    Free wifi available

Event Details

This interactive class will  help you  to assess an organization’s risks relating to purchasing  fraud, identify controls that can mitigate those risks, design audit tests to detect purchasing fraud  and investigate evidence of  fraud occurring. The instructors will provide examples from their practical experience.



*Overview of the Purchasing Cycle

. Discuss the responsibilities of a typical corporate purchasing group and the purchasing business cycle

· Understand who is involved (internal and external)

· Identify differences in the purchasing cycle depending on the industry and company size


*Purchasing and Stock Fraud Schemes

· Classifications of purchasing and stock fraud

· Corruption and Asset Misappropriation 

· Purchasing and stock fraud schemes


*Risk-Based Strategy to Fight Purchasing and Stock Fraud

· Purchasing and stock fraud risk assessment

· Fraud opportunity reduction through purchasing process improvement

· Internal controls to reduce purchasing and stock risk

· Proactive risk-based approaches to detect purchasing and stock fraud

· Investigations of purchasing and stock fraud identified


*Purchasing and Stock Fraud Detection Processes

· Risk-based purchasing and stock fraud detection audits

· Using CAATS to detect purchasing and stock fraud


Stock Fraud Management

· Types and causes of stock fraud

· Fraudulent shortages and supplies

· Fraud-free management of returned and used parts/spares

· Falsification of stores and supplies documents


*Detecting Particular Purchasing and Stock Fraud Schemes

· Scheme-based purchasing and stock fraud symptoms and detection methods

· Special considerations for off-book purchasing fraud schemes

· Special considerations for contract bidding schemes

· Special consideration for stock fraud

· Vendor monitoring: major contracts and stores


FOR WHOM: Stores, Purchasing & Logistics Personnel in the Public and Private Sectors.


The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.



1ST BATCH                        3rd - 6th March, 2020                                                                      

2ND BATCH                      25th – 28th August, 2020

Other Dates

Start Date End Date
25 Aug, 2020 28 Aug, 2020
Start Date End Date
03 Mar, 2020 06 Mar, 2020
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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