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Things that could seriously destroy your organization's reputation & credibility are conflict of interest and supplier misinformation. Here is how avoid it.
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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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There are many takeouts from Transparency International’s 2017 Corruption Perceptions Index (CPI), released in February 2018.
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Vetting in the supply chain function enables business to review their suppliers and vendors with the intention of mitigating risk before entering into business relationships.
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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?
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Technological innovation benefits business by putting pioneering solutions in the hands of busy professionals, thus promoting self-sufficiency and accuracy.
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In the past 20 years, threats and incidents of terrorism have grabbed global headlines and urged nations to step up laws against not only the act but also the financing of terrorist activities.
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The prevention and mitigation of bribery and corruption is an obligation placed on companies by the UK Bribery Act 2010, which states that companies must implement effective controls, measures and due diligence to demonstrate their commitment towards preventing bribery as a matter of priority.
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Fraudulent activities within the supply chain are a common risk encountered by private and public sector organisations.
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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?