This case study reports on a due diligence review of vulnerability to procurement fraud in a global manufacturing organization. The review was carried out in response to the UK Bribery Act 2010’s need for organizations to put in place processes to protect against bribery in procurement. The case study organization was identified as having 41 areas of vulnerability to the risk of procurement fraud; illustrative examples are provided. It is argued that due diligence reviews to protect against procurement fraud could help in repositioning procurement and reduce costs. The article also poses the question: Are employees owed a duty of care by their employers to protection against allegations of procurement fraud?
This is an abstract of my paper published in EDPAS (EDP Audit, Security and Control) Newsletter which can be accessed here.
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