About this document
Understanding Procurement Fraud Types by Leslie Banaag is a document available to read on EtoBox.
Procurement fraud is one of the oldest types of fraud that businesses face. It has flourished in emerging markets in recent years and typically involves a procurement manager awarding a contract to a seller in exchange for personal kickbacks or favors. This results in the business paying above market prices and losing billions annually. Detecting procurement fraud can be challenging for businesses operating in emerging markets. Establishing strong preventative measures, due diligence protocols, and internal
- Author
- Leslie Banaag
- Language
- EN