PROCUREMENT AUDITS AND INVESTIGATION

This course provides students with the principles and practices of procurement audits and investigations. The course enables students to understand the essential tools needed to perform internal-control related services. Students are able to design or implement programs and controls to prevent, deter, and detect fraud. The course provides useful indicators and checklists. In addition, this unit provides students with information on the developments of fraudulent transactions being external or internal threats to the organization. Introduction to procurement audits and investigation: The nature and scope of procurement audits and investigations, Importance of procurement audits, Principles of procurement audits, Types of procurement audits and investigations, The process of procurement audits, Stakeholders and their roles in procurement audits. Professional and legal requirements for procurement auditing: Professional requirements, Responsibilities, Rules of professional conduct. Audit Management: Audit planning including audit programmes, Audit risk; Staffing the assignment, Controlling the audit work, Recording the work done (Using audit working papers and audit files).