David Ackah PhD.^{1<\/sup>, Makafui R. Agboyi2<\/sup>, & Obiri-Yeboah3<\/sup><\/strong><\/p>\n}

Golden Sunbeam University of Science & Technology, ^{1<\/sup> Accra Polytechnic, Department of Purchasing & Supply Department2, <\/sup>Accra Polytechnic, Department of Purchasing & Supply Department3<\/sup><\/em><\/p>\n}

Abstract<\/em><\/strong><\/p>\n

The existence of corporate fraud is an undeniable fact of business life, affecting businesses large and small. New technologies such as the internet, and the development of fully automated accounting systems have been increased this opportunities for fraud to be committed. This research is designed to give readers a broad overview of fraud prevention, investigation and detection techniques. This technique when well implemented should provide any organization with an effective means of dealing with procurement fraud. Procurement is a process of acquiring goods, works and services through legal means to an organization or individual as and when the need arise. In other words it can also be defined as determining the organizational requirements, selecting the optimal source, establishing a fair and reasonable price and establishing or maintaining mutually beneficial relationship with the most desirable supplier to provide the conceptual back bone of the purchasing and supply function of which the best quality and price are most important factors Pooler (1996). Existence of corporate fraud is an undeniable fact of business life, affecting businesses large and small. New technologies such as the Internet, and the development of fully automated accounting systems, have increased the opportunities for fraud to be committed. Once suspected or discovered, investigating fraud is a specialist task requiring experience and technical skill. There is no doubt that fraud is best prevented, rather than dealt with after the fact. Unfortunately, there is no foolproof method of preventing fraud, although there are a range of fraud prevention techniques which have been proven to be successful. Other techniques may be used to pro-actively test for fraud profiles, and to further investigate so that fraud incidents are satisfactorily resolved.<\/em><\/p>\n

Keyword: <\/em><\/strong>Analyzing Corporate Fraud, Procurement Activities, Trade Fraud<\/em><\/p>\n

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David Ackah PhD.1, Makafui R. Agboyi2, & Obiri-Yeboah3 Golden Sunbeam University of Science & Technology, 1 Accra Polytechnic, Department of Purchasing & Supply Department2, Accra Polytechnic, Department of Purchasing & Supply Department3 Abstract The existence of corporate fraud is an undeniable fact of business life, affecting businesses large and small. New technologies such as the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-1284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-journal"},"_links":{"self":[{"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/posts\/1284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/comments?post=1284"}],"version-history":[{"count":1,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/posts\/1284\/revisions"}],"predecessor-version":[{"id":1285,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/posts\/1284\/revisions\/1285"}],"wp:attachment":[{"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/media?parent=1284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/categories?post=1284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/damaacademia.com\/dasjr\/wp-json\/wp\/v2\/tags?post=1284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}