Skip to main content

Warning Signs (or Red Flags) of Fraud and Corruption in Procurement

  • 183 Accesses

Part of the Contributions to Finance and Accounting book series (CFA)

Abstract

It is important to ensure that projects financed by international organisations are as robust as possible. Firstly, this is because the funds to be spent on the project may have to be repaid and should not be wasted. Secondly, the impact of fraud and corruption can ruin or destroy a project and negatively impact the lives of many people in various ways. ‘Red flags’ are warnings in documents or during inspections that things are not quite right.

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-030-73916-4_10
  • Chapter length: 4 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   54.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-73916-4
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   69.99
Price excludes VAT (USA)
Hardcover Book
USD   99.99
Price excludes VAT (USA)

Notes

  1. 1.

    The brochure was prepared by the Integrity Vice Presidency (INT) of the World Bank and they note special thanks to Enzo De Laurentiis, Chief Procurement Officer (OPCS) and Anna L. Wielogorska, Lead Procurement Specialist (EFI), whose contributions were fundamental in the preparation of the brochure. INT request that allegations: from the borrower or third parties making reference to fraudulent and corrupt practices; procurement complaints where fraud or corruption is suspected; or red flags of fraud and corruption found as part of due diligence activities or during project implementation; are reported. The brochure can be found at: https://documents.worldbank.org/en/publication/documents-reports/documentdetail/223241573576857116/warning-signs-of-fraud-and-corruption-in-procurement.

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and Permissions

Copyright information

© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Verify currency and authenticity via CrossMark

Cite this chapter

Smith, D. (2021). Warning Signs (or Red Flags) of Fraud and Corruption in Procurement. In: Promoting Integrity in the Work of International Organisations . Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-030-73916-4_10

Download citation