To understand the level of risk that an organisation faces you must look at its internal and external threats, where it can be targeted including procurement and project processes and the governance procedures it currently has in place that includes assessing your approach to risk assessment.
Building a response to procurement fraud and corruption through an organisations approach to risk assessment and the design of a risk mitigation framework starts with building an organisations anti-fraud culture. There is no one simple solution or one size fits all approach to combat the effects of fraud and corruption risks and a planned approach is necessary around people, processes and monitoring.
An organisations ability to collect and analyse information on their risk exposure is an integral part of building the profile of the threats to an organisation. Training staff and suppliers on current global threats, fraud and corruption methodologies and risk mitigation processes is an essential part of creating an anti-fraud culture and developing the opportunity to identify and mitigate risk.
Templates and tools
To help you understand and measure your organisation risk