Auditing the Procurement Process

Quorum Training Ltd.
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' An efficient purchasing and procurement process is crucial to success in today¡¯s competitive market place. In order to achieve this, many organisations are developing partnering arrangements with suppliers in order to improve overall performance in terms of price, quality and service. Internal auditors have an important role to play in ensuring that the procurement process does indeed achieve these objectives.

This interactive course looks in detail at the critical areas for audit. It highlights best practices and looks closely at the possible pitfalls in both the traditional and the modern approach to procurement. By using practical examples, the course demonstrates how the internal auditor can add real value to the process.

Programme

WHAT IS THE PROCUREMENT PROCESS?

Basic concepts
The ¡®end to end¡¯ process
Data gathering
THE MODERN APPROACH

Limitations of traditional approach
~ Reliance on tendering
~ Vulnerability to contract fraud
Initial selection and supplier partnerships
Annual review tools eg rolling audits, supplier ¡®MOTs¡¯
Benchmarking
Improvement plans
AUDIT PROCEDURES

Objectives
Planning
Delivery
PRACTICAL WAYS INTERNAL AUDIT CAN ADD VALUE

Skill deficiencies within the procurement team
Supplier costing models
¡®Open book¡¯ auditing
Independent contract assessments
...''

Phone:+44 (0)20 7388 2044

School Address:

Quorum Training Ltd,
Tavistock House,
Tavistock Square,
London WC1H 9TW

Jobs & Resumes: London
Houses & Roommates: London

Information Gathering Skills for Internal Auditors
A Flowcharting Workshop for Auditors
Statistical Sampling for Auditors
Communication Skills for Internal Auditors
Writing and Presenting Internal Audit Reports
Auditing for Compliance
Risk Based Systems Auditing
Internal Audit and Risk Management Workshop
Auditing Business Processes
Computer Auditing
Contract Audit
Audit of Construction Contracts
Risk Assessment for Internal Audit Planning and in Audit Engagements
Planning and Managing the Work of an Internal Audit Department
Measuring Internal Audit Performance
The Forensic Audit
Capital Allowances
Corporation Tax
Planning with Capital Allowances

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