Procurement fraud

PwC Forensic services specialists have deep knowledge and experience in investigating complex procurement fraud schemes including bid rigging, kickbacks, bribery, over-billing, pay and return, and fictitious vendor schemes. We help prevent and detect procurement fraud and abuse, investigate root causes, quantify damages, and remediate control weaknesses.

PwC assists companies reduce the costs associated with procurement risk by:

• Assessing risk and performing control gap analyses over procurement, contracting and purchase-to-pay cycles, which typically results in identifying ineffective controls, redundant processes and inadequate monitoring of spend.
  
• Identifying trends in data indicative of waste, abuse and fraud in the procurement cycle.
  
• Helping clients develop core ethics, compliance and monitoring programs designed for procurement and accounts payable functions and benchmarked against industry leading practices
  
• Providing guidance in enforcement proceedings, insurance negotiations and efforts in fraud remediation
  
• Conducting training to inform procurement staff, internal auditors and general counsel of red flags of procurement risk, trends associated with outsourcing of functions

To learn more about our services, please read our fact sheet.