The workshop addressed a range of advanced topics, including occupational fraud risks, classifications of fraud schemes, the fraud tree framework, and the fundamental elements underpinning fraudulent activities. Participants were introduced to global research findings and benchmark studies on fraud within procurement and contracting cycles, complemented by practical case studies and real-world examples.
The program provided a comprehensive overview of strategic, operational, financial, and compliance risks across all stages of the procurement and contracts lifecycle — from needs identification and evaluation of alternatives to contracting, receipt, payment, performance assessment, and contract renewal.
Key “red flags” and early warning indicators associated with each phase were examined in detail, alongside best practices in fraud prevention, detection, and remediation. The workshop also highlighted preventive, detective, and corrective control measures designed to enhance oversight and safeguard organizational assets.
The sessions featured interactive discussions, applied exercises, and reviews of international best practices, fostering engagement among participants and reinforcing practical understanding. The initiative aimed to heighten awareness of fraud risks, strengthen internal control frameworks, and further embed robust corporate governance standards within procurement and contract management functions.
This workshop forms part of NADEC’s ongoing efforts to cultivate a culture of integrity and accountability, while continuously enhancing employee capabilities in governance, risk management, and compliance.