Date of Conferral
2022
Degree
Doctor of Business Administration (D.B.A.)
School
Management
Advisor
Edgar Jordan
Abstract
Procurement fraud occurs at various stages of the procurement lifecycle and can be very costly to organizations. Business managers are concerned with the enormous impact of procurement fraud on business revenue. Grounded in Cressey’s fraud triangle theory, the purpose of this qualitative multiple case study was to explore strategies business managers use to detect, control, and prevent procurement fraud successfully. The participants were six procurement managers in Ghanaian gold mining companies who successfully detected, controlled, and prevented procurement fraud. Data were collected using semistructured interviews and a review of company documents. Through thematic analysis, three themes emerged: (a) internal control is effective to prevent, control, and detect procurement fraud; (b) effective communication through ethics and anti-fraud training for employees and suppliers; and (c) realistic job descriptions with fair remuneration. A key recommendation is for business managers to establish robust internal controls with regular reviews. The implication for positive social change includes the potential to reduce revenue losses, increase organizational cash flow, create employment, provide alternative livelihood programs for people in the community, and promote a good corporate image for business sustainability.
Recommended Citation
TAYLOR, ALFRED EKOW, "Procurement Fraud Prevention Strategies in Ghanaian Gold Mining Companies" (2022). Walden Dissertations and Doctoral Studies. 13820.
https://scholarworks.waldenu.edu/dissertations/13820
