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Contract and Procurement Fraud - Auditing the Procurement Process

By: TSI Limited

Lagos State, Nigeria

17 - 19 Apr, 2017  3 days

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NGN 190,000

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.

Learning Objectives

  • Apply procurement audit skills during the design and development of a contract specification; 
  • Deploy procurement audit skills to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • Identify statutory and regulatory requirements especially the procurement act;
  • Identify the degree of risk associated with a component or product and the controls required to ensure that it meets the design specification in a contract.

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
Digital Age Halls,Capital Building,332,Ikorodu Road,Idiroko Bus Stop,Near LASU Anthony Lagos. Apr 17 - 19 Apr, 2017
NGN 190,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508,

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