Procurement Audit

A procurement audit is an essential process that ensures transparency, efficiency, and adherence to regulations in procurement activities. A thorough procurement audit allows organizations to evaluate risks, optimize processes, and improve accountability. This Procurement Audit training course offers a systematic approach to auditing procurement operations, covering the key aspects of procurement fundamentals, processes, personnel, systems, and compliance frameworks.

This training course will highlight:

• The fundamentals of procurement and its key principles
• The role of procurement audits in improving efficiency and compliance
• Best practices in auditing procurement processes and systems
• Techniques for assessing procurement personnel and stakeholder engagement
• Compliance with regulatory frameworks and risk mitigation strategies

By the end of this training course, participants will be able to:

• Understand the core principles of procurement audits
• Identify inefficiencies and risks in procurement processes
• Evaluate procurement systems and internal controls
• Analyse procurement personnel roles and ethical responsibilities
• Ensure compliance with local and international procurement regulations
• Develop strategies for improving procurement transparency and accountability

This training course is suitable for a wide range of professionals but will greatly benefit:

• Procurement and Supply Chain Managers
• Internal and External Auditors
• Risk and Compliance Officers
• Legal and Regulatory Professionals in Procurement
• Senior Executives responsible for procurement oversight
• Finance and Accounting Professionals engaged in procurement processes.