QUESTION $1(40$ Marks$)$

$1\mathrm{.}1.$ Is procurement fraud a problem that is specific to the public sector or is this also prevalent in the private sector

of the economy? Discuss why this is more popularised in the public sector? $(10$ marks$)$

$1\mathrm{.}2.$ Explain the appropriateness of risk$-$fraud management in controlling procurement fraud. $(10$ marks$)$

$1\mathrm{.}3.$ What are the major reasons for concern regarding ethical conduct in purchasing? $(10$ marks$)$

$1\mathrm{.}4.$Procurement fraud cannot happen if there are no internal players.$$ Critically analyse why this is true.

$(10$ marks$)$