Managing Fraud Risk

Committee meeting
Banking & Finance, Tax and Legal
Date and Time: 
30 Nov 2017
08:30 to 10:00
Thursday, 30 November, 2017 - 08:30 to 10:00
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French Chamber Meeting Room, 541 Orchard Road, #09-01 Liat Towers
Registration Dates: 
25 Oct 2017
29 Nov 2017

In today’s business landscape, companies are constantly facing the delicate task of balancing risks, costs and opportunities. As businesses are increasingly integrated in global and regional economies, where threats and risks of fraud especially in procurement area are greater, companies should continue to be vigilant. Procurement fraud can occur at any stage of the procurement life cycle. In Singapore, procurement fraud occurred most often at the beginning of the procurement process i.e. during bidding and vendor selection process.


Dmitry Kosarev, Director of Forensic Services, PwC Singapore and Daniel Fu, Director of Forensic Services, PwC Singapore will discuss typical type of fraud and procurement fraud encountered in Singapore and across the region, and challenges that companies may face to manage the fraud risk from Singapore based regional headquarters. 


They will also share with you different types of procurement fraud schemes (e.g. split purchase, false invoices, bribery and corruption) through real life cases. Through this session, you will be briefed with the common red flags of procurement fraud. Last but not least, they will share with you some prevention and detection tools in managing the fraud risk in procurement life cycle.


Don’t miss this sharing session! 


Please note that photographs and videos may be taken during the event for news and publicity purposes.