Procurement audit and investigation

Description

Introduction

This course will give participants a comprehensive understanding of the fundamental principles and practices of auditing and investigating procurement processes. Through theoretical knowledge and practical exercises, participants will learn how to effectively assess, evaluate, and monitor procurement activities to ensure compliance with laws, regulations, and organisational policies.

The course will cover critical topics such as audit planning, risk assessment, data analysis, investigation techniques, and reporting, enabling participants to contribute to improving procurement practices and preventing fraud and misconduct.

Course Content 

• Intro & overview of procurement Audit and Investigation
• Laws, regulations and standards governing procurement
• Sampling methods and data extraction
• Types of procurement fraud and misconduct
• Reporting and Communication
• Assessing the effectiveness of procurement controls
• Ethical principles in procurement audit and investigation

Learning Objectives

• Identify the key stakeholders involved in procurement audit and investigation process
• Familiarise with relevant procurement laws, regulations, and standards governing procurement practices.
• Understand the implications of non-compliance with procurement regulations.
• Develop skills in planning and conducting procurement audits, including risk assessment, scoping, and audit program development.
• Apply audit techniques to gather evidence, assess controls, and identify areas of improvement in procurement processes.
• Learn techniques for investigating procurement fraud, corruption, and misconduct.