FM138 How secure are your purchasing systems?
Procurement fraud, committed during the process of acquiring goods or services, is a risk to any business, and can also have potentially damaging financial and reputational consequences. The scope for such fraud is huge. It can occur at any point in the procurement cycle, and can include (inter alia):
Potential perpetrators of procurement fraud range widely, from employees and suppliers to other third parties, acting alone or in collusion. They may be facilitated in their activities by: