Objective:
By the end of this course, participants will be able to:
- Understand procurement processes, procedures, and risk areas
- Plan and conduct effective audits of procurement and contract management systems
- Identify indicators of fraud, collusion, and non-compliance
- Evaluate contract performance and value delivery
- Prepare comprehensive audit reports and make actionable recommendations
Content:
Fundamentals of Procurement and Contracting
- Procurement cycle and key concepts
- Procurement methods and thresholds
- Types of contracts and key clauses
- Common risks and irregularities
- Case Study: Analysis of a flawed procurement process
Planning a Procurement Audit
- Understanding audit objectives and scope
- Risk-based audit planning
- Gathering procurement documentation
- Audit tools and checklists
Conducting the Procurement Audit
- Fieldwork techniques and evidence collection
- Identifying red flags and compliance breaches
- Sampling strategies and testing transactions
- Interviewing procurement and contract staff
- Practical Workshop: Auditing supplier selection and bid evaluation
Auditing Contract Management and Execution
- Monitoring contract performance
- Change orders, delays, and disputes
- Performance indicators and penalties
- Financial tracking and value-for-money assessment
Reporting, Recommendations, and Follow-Up
- Writing effective audit reports
- Presenting audit findings to management and stakeholders
- Recommending corrective actions
- Audit follow-up and monitoring improvements
For Whom:
- Internal and External Auditors
- Procurement Officers and Managers
- Compliance and Risk Officers
- Contract Administrators
- Project and Supply Chain Managers
- Public Sector Procurement Staff