Are you involved in procurement? According to The PwC Global Economic Crime Survey 2014, 29% of organisations had experienced procurement fraud. Is your organisation part of this percentage?

The Survey also reported that procurement fraud was most common at the vendor selection stage, followed by the bid process. The sectors reporting the most procurement fraud were state-owned enterprises, followed by energy, utilities and mining; engineering and construction; and transport and logistics.

Procurement fraud is the second most frequently reported form of economic crime behind asset misappropriation, according to the Survey. Managing procurement fraud is everyone’s business. What are the anti-fraud controls in your organisation to help you do your job?