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The Many Facets of Procurement Fraud

Online Exclusives Subhasis Sen Sep 21, 2021

By knowing the signs, internal auditors can help identify vulnerabilities within the contract bidding process.

Procurement is one of the most important functions of business, impacting strategy, operational performance, and risk management. Internal auditors are key players in the process, providing assurance that procurement practices foster access, competition, and fairness.

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Subhasis Sen

CIA, CPA, CA, CFE

Subhasis Sen is former principal internal auditor for Western Downs Regional Council in Queensland, Australia.