Officers are not given sufficient detail to identify anomalies, e.g. rapid growth in expenditure, against a particular budget head. Officers are given too much information; this can mask significant changes and make identifying them difficult.
The presence of factors such as those listed below will render a Government agency susceptible to procurement fraud.
1. Lack of Awareness
Lack of awareness at the management level, of the dangers of procurement fraud and the necessary defenses.
2. No top down commitment
No top down commitment to root out and deal with instances of procurement fraud; this means taking effective and punitive and actions.
3.Lack of financial control
The failure of the governing body to implement sound financial procedures for financial control, to ensure that all staff are aware of the need to comply with them, and are trained in their use.
Inadequate internal control
Financial control systems, whish do now allow for adequate internal check.
a. Inadequate monitoring.
b. Reconciliation are not completed regularly or independently checked.
c. Expense claims, invoices etc are not property checked.
d. Inadequate separation of duties.
Inadequate Financial information.
Officers are not given sufficient detail to identify anomalies, e.g. rapid growth in expenditure, against a particular budget head.
Officers are given too much information; this can mask significant changes and make identifying them difficult.
Information not received timely.
Information not relevant or properly formatted.
Poor Security controls
Inadequate control of access to safe, computer hardware, controlled stationary, stores etc.
Inadequate control over passwords and leaving computers logged on to systems when unattended.
The Slap That Transformed My Destiny
Discover how a single moment of unexpected confrontation can pivot a life towards success. This narrative explores the profound impact of a teacher's slap on a student, which became the catalyst for a remarkable transformation from obscurity to prominence.
Tendering Frauds In Financial Matters
Overcharging in cost type tender contracts refers to schemes by contractors to defraud the government by charging additional amount on cost-type contracts.
The Games Dishonest Tendering Companies Play
Its is clear from the above mentioned fraud plans that it is either a corrupt procurement personal or contractors or both who gets the cream, and the poor public sector is burdened with high priced low quality goods of services.
