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Executive Education
Clariden Leadership Institute
Combating Corruption and Fraud in Procurement (UAE)
George Pelekanakis
Pelekanakis Professional Services
George Pelekanakis, Pelekanakis Professional Services

 

George Pelekanakis who is a certified in Internal Auditing (C.I.A), in auditing Information Systems (C.I.S.A), in Fraud Examination (C.F.E), in Risk Management (C.R.P), and in Controls Self-Assessment (C.C.S.A) has more than 21 years of experience in the internal audit industry. Before setting up his own firm, Pelekanakis ProfessionalServices, PPS in 2003, he spent more than 8 years of professional experience in Big Four auditing firms. While working for the Big Four auditing firm, George helped various organizations set-up their internal audit divisions or enhance their performance by offering consultations on key issues that was faced by internal audit departments. Heis scientific advisor for the Ministry of Finance and currently acts in the capacity of CAE for a Hospitals Management Company (AEMY SA).

 

George is serving as a member of Audit Committees in listed and private organizations and he is coaching Audit Committee members to be more effective in discharging their responsibilities. In the business training area he is a frequent speaker in conferences and business events and has provided training to more than 2600 internal auditors and business professionals. He is also a part-time lecturer in the fields of Auditing and Internal Auditing with the American College of Greece. Since he was the first Greek to be granted the CIA designation, he soon became the lead lecturer for organizations offering CIA preparation courses (Study Smart). Since December 2008, fraud investigators that value his experience and contribution to the profession elected him as the first Chairman of the Board of Directors of Hellenic Association of Certified Fraud Examiners. He has also served as the Vice-President of the Hellenic Institute of Internal Auditors (April 2012-April 2015).

 

As the Managing Director of PPS, George has the opportunity to work closely with a diverse range of organizations from both the public and the private sector that are located in Europe, the Middle East and SE Asia. He is highly sought after to upgrade the internal audit practice by introducing new techniques and approaches (e.g. CCSA and CAATs or optimizing sampling efforts), to set up internal audit practices and evaluate their performance (Quality Assurance Reviews). During the last few years, George has been putting emphasis on helping organizations develop performance management frameworks and delineating their process delivery

Program Summary

In this interactive and comprehensive 2-day executive program, you will be equipped with a well-rounded view on the crucial issue of procurement fraud that in return gives you practical insights in combating it. This program will guide you to create and implement theoretical framework for fraud and procurement as well as practical approach in developing anti-fraud mechanism in the procurement function.

 

In addition, you will master key fraud detection techniques and instructions on how to enable Computer Assisted Auditing Techniques (CAATs) in identifying fraudulent acts within your procurement cycle. At the end of the 2-day program, you will be able to deploy an effective risk mitigation strategy to reduce and avoid potential procurement risk threat in your organization



Programs, dates and locations are subject to change. In accordance with Clariden Global policy, we do not discriminate against any person on the basis of race, color, sex, religion, age, national or disability in admission to our programs.

Introduction

In a recent Global Economic Crime Survey by PwC, more than one in three (36%) organizations report being victimised by economic crime due to their fraud detection methods are not keeping pace. While procurement fraud remains as one of the traditional leaders in the economic crime table, it continues to puzzle millions of organizations and costs trillions every year. Beyond monetary damage from procurement fraud, organizations loose reputation, employee morale, productivity and suffer various other indirect harms. Procurement is typically terrain for fraudsters to commit crime as it involves high values and third parties engagement, thus it is hard to be detected.

 

 

Led by the first Chairman of the Board of Directors of Hellenic Association of Certified Fraud Examiners, George Pelekanakis will enlighten you with the latest methods in detecting and mitigate fraudulent acts in your procurement cycle that will further damage your organisation’s finance and reputation. You will discover all contemporary tools that may increase your effectiveness and efficiency of a fraud-free procurement process. You will also able to strengthen your skills and competencies in detecting and categorize red flags of potential risk threat in your procurement cycle and mitigate it before being hampered by any loss.

 

 

By the end of this program, you will walk away with the insights and knowledge in implementing fraud risk assessment tools that will assist you in preventing and promptly detecting fraud risk in your procurement process, as well as executing fraud investigation and support your audit work when a threat has aroused. 

What You Can Expect

  • EXPLORE the newest methods in detecting and investigating fraudulent acts
  • DISCOVER all modern tools that may increase your effectiveness and efficiency
  • UNDERSTAND the engineering of procurement fraud 
  • IMPROVE your skills and competencies in locating “Red Flags”
  • EXECUTE fraud investigations with minimal exposure to professional risks
  • MASTER fraud risk assessment tools that will help you prevent or promptly detect fraud
  • GAIN an insight on how to best support your audit work in front of courts of law
  • MANAGE optimally the expectations of your stakeholders against combating fraud

Who Will Benefit Most

Given the full coverage of the spectrum of procurement fraud (prevention, detection, investigation), the course will benefit professionals working in procurement, internal audit, internal control, business controllers, risk managers and compliance officers each one of them acting in his/her different capacity

Program Outline

Day 1

 

Session 1: Comprehensive Introduction of Key Fraud Concepts

  • Classifications of frauds in procurement
  • Key 2016 data
  • The fraud map – see the big picture
  • Fraud engineering  - put yourself in the fraudster’s shoes

 

Session 2 - Delineating the Procurement Function

  • The procurement process business flow
  • Key weak areas that leave room for manipulations
  • Types of procurement fraud – well known case studies

 

Session 3 –Combating Fraud in the Procurement Function - Prevention

  • Key fraud deterrence mechanisms
  • The role of tone-at-the-top
  • Build a sound barrier against procurement fraud.
  • The fraud prevention check-up!

 

Session 4 - Combating Fraud in the Procurement Function – Detection 1.0

  • Master procurement fraud red flags
  • Using Benford’s law for detecting procurement fraud
  • Apply Monte Carlo and Correlation Analysis to be a step ahead of the fraudster

 

Day 2

 

Session 5 - Combating Fraud in the Procurement Function – Detection 2.0

  • Enabling CAATs to develop fraud detection “traps” in your systems
  • Building a strategy for introducing IT fraud detection mechanisms

 

Session 6 - Combating Fraud in the Procurement Function – Investigation

  • Key risks when investigating procurement fraud cases
  • Differences with routine audits (tools, approach etc)

 

Session 7 – Learning From Others’ Mistakes – The Investigation Tips

  • The workshop facilitator will present 13 tips that can increase the effectiveness of the investigation effort, specially in a court of law. Typical themes involve
    • Interview Vs Interrogation
    • The art of questioning  (practical exercise)
    • Are you an effective listener?
    • Non-verbal communication
    • Using evidence wisely
    • Mistakes in evaluating truthfulness and many more!

 

Session 8 – Walk Home with Effective Strategy Implementation in Risk Mitigation

  • Concluding remarks: deploy an effective strategy for minimizing the risk of procurement fraud in your organization.

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Venue: Raffles Dubai, UAE
Date: 24 - 25 September 2017
Faculty: George Pelekanakis
Early Bird 1: US$ 2,095 by 31 July 2017
Early Bird 2: US$ 2,295 by 28 August 2017
Regular Fee: US$ 2,395
Group Discount: 2nd participant get 10%, or register 3 participants and 4th participant get a complimentary seat
(1 discount scheme applies)
Contact: pravind@claridenglobal.org
 
 
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