Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Contract and Procurement Fraud - Auditing the Procurement Process

By: TSI Limited

Lagos State, Nigeria

17 - 19 Mar, 2014  3 days

Follow Event

  

Course Overview: When establishing a management system, organizations have to put in place processes to control the purchasing of products (or services) and their verification. However, the way organizations consider such requirements are fulfilled may not necessarily be the most appropriate one. Similarly, auditors may consider it sufficient to confirm compliance by just checking that an approved supplier list is up-to-date, that orders have been placed only with approved suppliers and activities necessary for ensuring conformity with the specified purchase requirements have been carried out.

Course Objectives:
  • Procurement should start during the design and development of a product when a specification is prepared
  • Inter-departmental discussions should take place to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • The organization should ensure that the specified purchase requirements are correct prior to their communication to the supplier;
  • Statutory & regulatory requirements should have been included in the purchase requirements, as applicable;
  • The degree of risk associated with a component or product and the controls required to ensure that it meets the design specification should have been assessed.

Course Outline:
  • Procurement Audit Procedure
  • Criteria for the Selection of Suppliers
  • Limitations of traditional approach
  • Reliance on tendering
  • Vulnerability to contract fraud
  • Initial selection and supplier partnerships
  • Annual review tools e.g. rolling audits, supplier 'MOTs'
  • Benchmarking
  • Improvement plans       
2nd Floor, Front Suite, 135, Igbosere Road, Lagos.P.O. Box 51409 Falomo – Ikoyi, Lagos 101008, Nigeria Mar 17 - 19 Mar, 2014
NGN185,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639

Related Courses
Organizational People Change Management Course Organizational People Change Management Course

3 days, 17 - 19 Apr, 2017 

2017-04-17 12:04:00
Lagos State, Nigeria

TSI Limited

Selecting the right project through well-disciplined portfolio management and effective project execution using project management best practices is only part of the recipe for success. As companies ...

Treasury Products Workshop Treasury Products Workshop

3 days, 26 - 28 Oct, 2017 

2017-10-26 12:10:00
Lagos State, Nigeria

TSI Limited

A sound knowledge of treasury products, both on the asset and liability side of the balance sheet, and the regulatory framework in which they exist, is a pre-requisite to understanding the risks that ...

Forensic Accounting Professional Certification Course - Accra, Ghana Forensic Accounting Professional Certification Course - Accra, Ghana

3 days, 18 - 20 Dec, 2017 

2017-12-18 12:12:00
Ghana

TSI Limited

The term ‘forensic’ means suitable for courts of justice or for public discussion and debate. Forensic auditing provides an investigation methodology and accounting analysis that is ...

Forensic  Accounting Professional Certification Course Forensic Accounting Professional Certification Course

5 days, 13 - 17 Nov, 2017 

2017-11-13 12:11:00
Imo State, Nigeria

TSI Limited

The term ‘forensic’ means suitable for courts of justice or for public discussion and debate. Forensic auditing provides an investigation methodology and accounting analysis that is ...