The public sector is highly regulated in order to prevent and detect corruption and procurement fraud. Companies and organisations within the private sector are to a lesser extent regulated, but are still subject to a plethora of laws and regulations.
Some pieces of legislation have been drafted with the view to cast the net as wide as possible, and therefore creates a real risk that a company or its employees may face criminal prosecution with its accompanying reputational and other negative consequences.
Given the recent developments in South Africa, for instance evidence led at the State Capture Commission, private sector organisations are furthermore increasingly expected to be good corporate citizens.
The lack of formal regulation creates an obligation for private sector organisations to take ownership in managing corruption and procurement fraud risk efficiently and effectively.
This course aims to enable delegates to have a good understanding of why some people tend to break the law and the legislative regime (including foreign legislation which might be applicable to a SA company) regulating corruption and procurement fraud.
The common schemes perpetrated and the red flags indicating the existence of these schemes, are also dealt with.
These issues lay the basis so that a delegate can have a good grasp as to how these risks should be identified, assessed and ultimately managed, with a special emphasis on an effective whistle-blowing regime.
Upon completion of the course, delegates will have a good understanding of
• The extent of corruption
• Corruption and The human element
• The legal regime in South Africa.
• The legal regime in the USA and UK and its impact on a SA entity.
• Corruption and procurement fraud schemes.
• Managing the Corruption and Procurement fraud risks.
The following topics will be covered:
Module 1: The extent of corruption, and what is wrong with it.
Module 2: The human element: when do people act corruptly?
Module 3: The legal regime in South Africa.
Module 4: The legal regime in the USA and UK and its impact on a SA entity.
Module 5: Corruption and procurement fraud schemes.
Module 6: Managing the Corruption and Procurement fraud risks.
Module 7: Whistle-blowing.
There is no specific admission requirements for the course.
|Catalogue and Category:|
|Financial Management and Taxation|
|Who Should attend:|
|Personnel of any company which is concerned about possible corruption risks facing the company|
|Total Notional Hours:|