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Observation 1
Procurement Risk (People Risk)
Risk Description
Lack of procurement officer leads to irresponsible practices of procurement process by
Procurement team members.
Risk Approach
Risk Officer joined the meeting of procurement team member to understand and observe the
effectiveness of the procurement team.
Potential Outcomes
The procurement team will remain disorganized and unsystematic management of procurement
which could leads to procurement frauds (which has occurred previously)
Observation 2
Procurement Risk (People Risk)
Risk Description
During the inspection of meeting minutes and vouchers of material purchased for branches and
head office, Risk Officer found out that there is no 3 quotations request for renovation works and
moreover U Soe Win is still working with Hayman for renovation. Previously, Audit found out that
there were renovation frauds such as making fake vouchers and manipulating purchasing prices
to deceive the company.
Risk Approach
Risk Officer joined the meeting of procurement team member to understand and observe the
effectiveness of the procurement team.
Potential Outcomes
The procurement team remains working with U Soe Win who we previously have fraud case
therefore fraud risks are still possible.
Risk Approach
Risk Officer discussed with Procurement committee chairman during the meeting of procurement
team member.
Potential Outcomes
Because of her sensitive and aggressive behavior, it will be very difficult to communicate and work
with her. No effective work will be done and it is very frustrated to work with her.
Observation 4
Procurement Risk (People Risk)
Risk Description
Yee Mon Oo, Procurement Chairperson do not want to share the quotations and other
data with risk officer for risk assessment activities.
Risk Approach
Risk Officer joined the meeting of procurement team member to understand and observe the
effectiveness of the procurement team.
Potential Outcomes
Risk Officer could not access the quotations and data and he could not do risk assessment
properly. RO could not assess the decisions of procurement teams effectively.