Procurement fraud and how to deal with it
FRAUD MANAGEMENT

Procurement fraud and how to deal with it

The most cost-effective way to deal with fraud is to prevent it. A dishonest employee will exploit any loophole in an organization. So, to prevent fraud, it is important to close those loopholes. When collusion takes place, and two or more individuals work together to systematically defraud an organization, losses will be multiplied. Collusion is…