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What is the best control for Procurement fraud, eg some vendors give amount of cash to buyers?

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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2014/06/07
Sheraz Tarar FCCA, CIA
by Sheraz Tarar FCCA, CIA , Finance Officer - Senior Manager , Humania Capital

To prevent kick-backs in procurement process, you can set up a list of pre-approved vendors and enfore the policy that all purchasing should be done from authorised vendors only.

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