The Kenya Association of Manufacturers (KAM) will hold a Fraud Detection and Mitigation training on 16th to 17th July 2015, at the Southern Mayfair hotel. The forum themed ‘how to reduce costs through procurement fraud detection and mitigation’ will help firms saves millions of shillings and dollars that disappear through unclear procurement procedures.
This program targets directors and heads of departments, business owners, finance directors and managers, Tender committees and members, procurement managers, supply chain managers, commercial managers, internal auditors, risk managers and training managers.
According to the KPMG profile of a fraudster 2012 study, procurement fraud was the second most common type of fraud committed involving collusion.
Companies should be vigilant about risks presented by suppliers, a counter party who defaults on a contract or whose business collapses can have serious financial ramifications for connected parties. Fraud risk can also increase when cash is tight; some employers become more opportunistic. Many companies are more likely to pursue litigation for losses that they would otherwise endure in more prosperous times. Disputes arise as they blame other parties for inappropriate or negligent behavior that results in financial or business loss.
The program will benefit participants in various ways.
All the present participants will have an opportunity to test their ideas and examine the latest business models and concepts with an unrivaled network of peers, distinguished speakers and industry tested faculty.
The following fee (exclusive of VAT) covers the training, materials, lunch and refreshment and should be paid upon registration. Checks are payable to KAM.Training costs KES 42,000+16%VAT.
For confirmations and registration please contact Catherine Mukoko-KAM consulting secretariat
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