Strengthening Procurement Integrity: Insights from the GotoAero Case
In the January/February 2017 issue of Fraud Magazine, Tom Caulfield, CFE, and Sheryl Steckler, CIG, CICI, present a valuable case study of GotoAero, a California aerospace company, to highlight the critical importance of transparency and oversight in procurement processes. The article examines how a trusted vendor relationship with BuildNow Pro Construction was compromised when employees involved in vendor selection accepted incentives, ultimately impacting contract costs. This real-world example underscores the need for strong internal controls, ethical training, and proactive monitoring to uphold integrity in procurement and protect public resources.