Internal Audit, Fraud Detection, Procurement Process, Internal Control Mechanisms, Risk Management, Financial Audit, Control and Risks, Fraud Prevention
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Abstract
This document discusses improving internal control mechanisms to identify and prevent fraud in the procurement process through effective internal audit practices.
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[...] In this research area, I will analyze the possible means to strengthen internal alerts and reports, to allow for rapid intervention in case of fraud. On the one hand, employees can be given the possibility to report anonymously any type of suspicious behavior and, on the other hand, receive automatic alerts in case of detection of any anomaly in purchase operations, such as deviations from the rules. 5 Importance of employee awareness and training To question the way to sensitize employees to the dangers of fraud and to strengthen their involvement in the application of surveillance measures. [...]
[...] Financial Audit: Control and Risks (Fraud) - Axes of Memory Subject: Internal Audit and Fraud Detection in the Procurement Process Problematic: How can we improve the internal control mechanisms to identify and prevent fraud in the procurement process? Axis # Title of the Axis Explanation 1 Research and analysis of existing internal control methods during the purchasing process. I will analyze the current internal control characteristics during the purchasing process, which includes modalities such as separation of functions, freedoms granted during purchases and multiple verifications. [...]
