The Course Content
Day One: Overview to Procurement Audit
Overview to procurement audit
Examination of the audited entity’s context
Considering the mandate of the organization
Internal controls mechanisms
Procurement planning overview
Approval and execution process sequence
Day Two: Procurement Function
Responsibility conditions for the procurement function
Delegation of authority and internal control mechanisms
Risks, audit purposes, scope, and planning
Assessment of risks including
Analysis of Fraud and corruption at each step of the procurement process
Development of the procurement audit purposes and scope
Development of the procurement audit plan
Selection of trial of procurement contracts to be audited
Day Three: Implementation of Procurement Audit Operations and Follow-up
Methods for gathering and analyzing evidence
Planning of the Procurement Audit Report
Validating compliance with legal requirements
Performance assessment of achievement of value for money
Procurement audit findings
Procurement Audit Report and recommendations
Follow-up actions on the Procurement Audit Report
Day Four: Fraud and Corruption Assessment
Introducing fraud and corruption and identify its forms
Understand its impact on the organization
Identify the specific corruption risks facing the organization
Define the elements needed for fraud to take place
Recognize controls effectiveness and the role they play in the prevention, detection and response
Define specific steps that can be taken to start managing fraud and corruption
Day Five: Prevention and Detection of Fraud and Corruption
Various fraud schemes that can be committed in procurement and contracting processes
Common and statutory law ethics and definitions that are relevant to procurement and contracting
Fraud risks in procurement and contracting processes detecting
Detection of red flags that might be revealing of fraud and corruption in procurement and contracting processes
Effective proactive preventive procedures aimed at limiting fraud and related offences