Venter, A.C.2008-03-182008-03-182007Venter, AC 2007, 'A procurement fraud risk management model', Meditari : Accountancy Research, vol. 15, no. 2, pp. 77-93. [http://www.meditari.org.za]1022-2529http://hdl.handle.net/2263/4741The high occurrence of procurement fraud requires the management of an enterprise, the risk manager of the enterprise and the internal auditor to address procurement fraud risks effectively within the enterprise risk management concept. The purpose of the article is to explain a procurement fraud risk management process which will serve as a comprehensive framework for enterprise risk managers and for internal auditors to limit the enterprise’s exposure to procurement fraud as far as possible. The study by Venter (2005) on which the article is based proposes a procurement fraud risk matrix which can be used to manage fraud risks within the procurement function efficiently. This matrix is based on the Committee of Supporting Organizations of the Treadway Commission’s (COSO’s) Enterprise Risk Management – Integrated Framework which is specifically applied to address the procurement fraud risk problem.506791 bytesapplication/pdfenSchool of Accounting Sciences, UPEnterprise risk managementEnterprise risk management – integrated frameworkInternal auditorFraudProcurementProcurement fraudProcurement functionRiskRisk managementRisk managerFraud -- South AfricaRisk management -- South AfricaArticle