Procurement officers face new challenges as supplier fraud increases

Global procurement officers are set to face new challenges in the wake of new global findings by accountancy firm PricewaterhouseCoopers (PwC), which revealed that the amount of fraud carried out by suppliers to the public sector has increased from 13 per cent to 32 per cent in two years. 

Fighting fraud in government said it was imperative public sector organisations stay alert to suppliers’ conduct as they face an increased risk of being cheated by third parties.

“As the public service market becomes more open in many countries, suppliers more diverse, and more voluntary and private sector organisations become involved in delivering services, procurement departments will face a raft of new challenges to ensure the quality and cost-efficiency of services are not compromised,” Ian Elliott, a partner in forensic services at PwC, said.

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