Podcast | Case studies in Procure-to-Pay fraud analyzing what went wrong
Every organization is susceptible to fraud, especially in its Procure-to-Pay cycle.
The reputational and financial consequence is often disastrous. Latest statistical trends indicate that the frequency of procurement fraud is on the rise and the quantum of losses is significantly high enough to affect the sustainability of organizations.
While the risk can never be completely eradicated, organizations can implement controls to reduce the likelihood of this occurring.
These controls need to be robust enough to be relevant to the ever-evolving modus operandi of how procurement irregularities are committed.
Listen to this podcast to find deeper insights!