YSIL & CO’s Post

YSIL & CO reposted this

View profile for CA Ysil Karunai, graphic

M.com., FCA., CFE., DISA., RV(SFA)., PGDCA., Cert. CAB., Cert. FAFP., Cert. INDAS., Cert. FATA., Cert. MSME., CS(Exe)

Highlights on Procurement Fraud: Procurement fraud covers various schemes like bid rigging, kickbacks, fake invoices, and vendor collusion. It can inflate costs, compromise quality, and damage a company's reputation. Detecting such fraud involves thorough audits, monitoring spending patterns, and implementing strong internal controls. #forensicaccounting #fraudprevention

To view or add a comment, sign in

Explore topics