- 2 Full Days, 14 Hours -
[23rd - 24th April 2025 ]
-St Giles Boulevard Hotel Kuala Lumpur -
Procurement fraud is a growing global problem, and it can be extremely costly for businesses. As one of the oldest types of fraud that companies have to safeguard against, it’s no surprise that it’s going strong in emerging markets and costing businesses billions of dollars.
Companies lose billions of dollars annually because companies are not paying the fair market value for the services and goods sold by vendors. The Association of Certified Fraud Examiners (ACFE) found that companies lose 5 percent of revenue each year to fraud, which amounts to nearly $3.7 trillion globally. Much of this fraud loss can be attributed to procurement fraud.
The rise in contract management and the outsourcing of goods and services has created an increase in procurement fraud, which can occur at any stage of the contracting and procurement process. Appropriate controls, fraud prevention strategies and proper tendering processes are necessary in the fight against this fraud.
Fraud can come in many different forms, with new techniques and exploits appearing regularly. The ingenuity and relentless effort of fraudsters should not be underestimated.
Procurement fraud can be difficult to detect because some of it is particularly subtle, which can be harder to investigate. It can be difficult to catch in businesses of all size.
- Employee/Supplier Collusion
- Conflicts of Interest
- Inflated Bills/Under-delivery
- False Statements in Obtaining Contracts
- CALIBRATE RED FLAGS Of Procurement Fraud
- DEVELOP Robust And Practical Procurement Policies And Procedures
- CATEGORISE Different Type Of Procurement Fraud That Can Occur In All Sectors
- KNOW Different Effective Deterrent, Preventive, And Detective Measures To Prevent Occurrence Of Procurement Fraud
- KNOW Risk Mitigation At All Stages Of A Transaction From The Initial Stage Through Supplier Selection, Contract Negotiation, And On-going Supplier Management To Contract Close Out
Hundreds of hours of research, study, planning and fine tuning go into the production of each of our trainings. Our course developers have looked at your industry’s needs. This course reflects the latest findings and best practices in your field today and addresses issues up-to-the-minute. You will get tools, tips, strategies that are proven and tested against real world situations as you learn from case studies and the experience of our expert trainers. Our trainings are comprehensive, in-depth, and packed with need-to-know information you can use as soon as you return to your workplace.
CUSTOMISED: During the programme, we continuously Collect Feedback from participants to fine-tune the Design and Delivery of training.
ACTIVE: The core of the workshop is a series of Relevant, Authentic, and Engaging 2-Way Communication with Quizzes at the end of each session.
ACCELERATED: Our Trainer keeps the participants totally Absorbed with a unique blend of Expert Presentations, Reflective Discussions, and Creative Activities.
FUNCTIONAL: Our Trainer Walks the Talk. Just by watching our trainer in action, the participants will pick up several effective techniques.
AUTHORITATIVE: Our Trainer teaches based on Sound Theory, Evidence-Based Principles, and Solid Experience.
PRACTICAL: Our Trainer has spent decades in organisational firing lines. Our trainer empowers the participants with Realistic Tools and Techniques for Immediate Use in today's workplace.
ENGAGING: Our Trainer’s Contagious Enthusiasm, Inclusive Humor, and Flexibility make the participants enjoy every moment of the workshop.
Ms. Sylvia Lim is the Founder and Managing Director of Excellence Link Associates, specialising in coaching, consulting and training on business risk management and fraud awareness.
Sylvia has worked with the Big Four accounting firms, multinational corporations and local companies in Hong Kong and Singapore.
During her career with the Big Four accounting firms, Sylvia has conducted various training programs on corporate governance, internal controls and anti-fraud to the directors of companies listed in Hong Kong. Sylvia has also been extensively involved in risk management, internal control, internal audit and Sarbanes-Oxley compliance projects in Asia Pacific.
Having managed business risks projects in a wide range of industries which include consumer products, hospitality, manufacturing and retail in Asia Pacific for over ten years, Sylvia is able to share relevant and insightful Asia’s business risks and controls knowledge and experiences with her training participants. Her interactive training sessions are filled with group discussions and activities to enable her participants to acquire the relevant knowledge and skills for practical application at their organisations.
Graduated with an Accountancy degree (Honours) from Nanyang Technological University, Sylvia is a Certified Internal Auditor of the Institute of Internal Auditors and Certified Fraud Examiner of the Association of Certified Fraud Examiners. Sylvia has also been an Associate Trainer with the Institute of Internal Auditors Singapore for over 3 years.
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- Procurement Officers Employees tasked with purchasing responsibilities
- Internal Auditors
- Internal Controls Officers Compliance
- Finance, and other professionals who are seeking to understand more about the procurement process, as well as learn about different procurement fraud schemes and measures to deter, prevent, or detect them
Agrobank, Bank Islam, Bank Rakyat, Bank Negara Malaysia, Bank Simpanan Nasional, Boustead Heavy Industries Corporation, Bursa Malaysia, Credit Guarantee Corporation, Dewan Bandaraya Kuching Utara, EXIM Bank, Faber Group Berhad, Lembaga Tabung Haji, Malaysia Marine and Heavy Engineering, Maybank, Maybank Investment, MIMOS Berhad, MNRB Holdings Berhad, Petronas Gas Berhad, Petronas Penapisan Melaka, Permodalan Nasional Berhad, Sarawak Plantation Berhad, Swinburne University, Syarikat SESCO Berhad, Tabung Amanah Pekerja Brunei, Telekom Malaysia Berhad, Tenaga Nasional Berhad, Texas Instruments and many more.
