Cracking down: The facts about risks in the procurement cycle

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Preventing waste, abuse, and fraud in procurement are considerable challenges. Given the increasing focus of law enforcement on corporations in recent years, it is critical to understand the trends in procurement operations and in enforcement. The $787 billion federal stimulus package includes as much as $100 billion for technology initiatives and infrastructure spending, which comes with a commitment to avoid the fraud and abuses that surfaced in the aftermath of Hurricane Katrina and during the wars in Iraq and Afghanistan. It appears certain there will be limited tolerance for corporate lapses of integrity in the procurement process at the federal, state, and local government levels.

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