It is important to safeguard your business and individual reputation by following processes designed to stop supplier fraud.
Our Detecting and Reporting Fraud short eLearning course explores how supplier fraud can be detected and how to report it. You will earn a customer rating star for correctly identifying the correct way to detect and report supplier fraud.
The Detecting and Reporting Fraud course is a single module focusing on how to spot and report supplier fraud. It highlights the importance of being aware of, and following, company policies set up to ensure compliance and stop fraud.
It includes a scenario where a Request for Proposal (RFP) is met with a potentially fraudulent response from a supplier. Learners must decide how to respond and whether to report it – and if so, who to report it to.
Learners are asked to take on the role of Mary, who has recently sent out a Request for Proposal (RFP) to a group of bidders. She gets a phone call from a supplier that seems to suggest potential fraud.
Learners answer a multiple-choice question to decide how Mary should respond. If they answer correctly, they get a customer rating star and pass the course.
| Number of Learners | Cost (per year) | |
|---|---|---|
| 1 - 10 | ||
| 11 - 20 | ||
| 21 - 50 | ||
| 51 - 100 | ||
| 101 - 150 | ||
| 150+ | ||
| Number of Learners | Cost (per year) | |
|---|---|---|
| 50 - 100 | ||
| 101 - 200 | ||
| 201 - 300 | ||
| 301 - 400 | ||
| 401 - 500 | ||
| 501 - 750 | ||
| 751 - 1000 | ||
| 1001 - 2500 | ||
| 2501 - 5000 | ||
| 5000 - 10,000 | ||
| 10,000 + | ||
Included Features
All employees are responsible for detecting and reporting suspicions of fraud whenever they become aware of them. Companies have systems and processes in place to reduce the likelihood of fraud in the supply chain.
It is in everyone’s best interests to know and recognise the warning signs so that they can protect the reputations of their organisations and their colleagues and ensure their company remains successful.
All employees are responsible for detecting and reporting suspicions of fraud whenever they become aware of them. Companies have systems and processes in place to reduce the likelihood of fraud in the supply chain.
It is in everyone’s best interests to know and recognise the warning signs so that they can protect the reputations of their organisations and their colleagues and ensure their company remains successful.
Most organisations will have systems and processes in place to reduce the likelihood of fraud in the supply chain. All employees are responsible for detecting and reporting suspicions of fraud whenever they become aware of them. Red flags include changes in accounts, missing documentation, excessive company purchases, altered inventories and false invoicing.
It is essential for businesses to prevent fraud from occurring within their organisations. Repercussions of fraud include heavy financial loss and reputational damage. To prevent fraud, it is necessary to take preventive steps and actions and subsequently implementing vital safeguards which can protect businesses from the consequences of fraud.
The National Crime Agency (NCA) is a national law enforcement agency which directs those who are looking to report fraud to the UK’s Action Fraud organisation which acts as the national reporting centre for fraud and cyber-crime. Businesses can report fraudulent offences to Action Fraud through an online fraud reporting tool or speak to a fraud adviser through a telephone number.
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