Recent Government Articles
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Procurement fraud is a leading commercial risk and organisations must implement every possible preventative measure to ensure it does not impact the business.
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This following a pledge by President Ramaphosa and the recent announcements by Public Service Minister Senzo Mchunu, and Public Works and Infrastructure Minister Patricia de Lille that the government will be conducting lifestyle audits on state employees and ministers. But what are lifestyle audits and what place, if any, do they have in the private sector?
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The impact of fraud in procurement can be far reaching with many aspects of the business affected by such transactions.
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Businesses and third parties share complex relations. While each will prioritise their own bottom line, they need each other in order to operate.
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Is a clean audit possible for organisations at a time when corruption, fraud, dishonesty and non-compliance in procurement threaten to undermine the very foundations of an honest company?