Procurement Fraud
Procurement fraud can bring financial loss and potential regulatory scrutiny to your organization. Fraud can include bribery, bid rigging, price fixing, market division, product substitution and spare parts overpricing. Kroll works with you to ensure that your procurement processes are effectively managed and controlled.
How We Investigate
Kroll is experienced in detection of risks both organization-wide, and specifically within high risk areas such as procurement. We understand the pressures on procurement and the wide range of opportunities for fraud, especially in high value industries such as construction and government contracting.
Kroll works with you to:
- Detect, investigate and prevent procurement fraud
- Help address how issues of high staff turnover and weak internal controls can raise your risk of fraud exposure
- Create effective vendor screening for your organization to reduce your risk of exposure and give you additional protection.
The Kroll Advantage
We have substantial knowledge and expertise in working with organizations to ensure that there are strong anti-corruption practices in place within your vendors, along with ongoing screening and monitoring.
In addition to working with organizations, Kroll has also offered advice and guidance to governments on effective processes to implement in order to manage corruption on large and complex projects and tenders.
