Procurement and MaterialsProcurement and Contract Audit
Procurement audits commonly test whether the paperwork was complete rather than whether the organisation got what it paid for, which is why a file can be perfect and the outcome still poor. This course covers auditing the substance. Delegates work through planning an audit around procurement risk, sampling that reaches the transactions most likely to be wrong rather than a random spread, and testing across the cycle from need identification through award to payment. Value for money testing is covered, including price benchmarking and whether competition was real. Fraud indicators are addressed: split awards below thresholds, repeat single sourcing, bid patterns and vendors sharing details. Contract performance and variation testing follow. The course closes on findings, recovery and reporting to those who can act.
Course objectives
- Plan an audit around procurement risk rather than file completeness
- Sample toward the transactions most likely to be wrong
- Test the cycle from need identification through award to payment
- Assess value for money and whether competition was genuine
- Detect split awards, repeat single sourcing and bid patterns
- Test contract performance and variations
- Report findings and pursue recovery where entitlement exists
Who should attend
- Internal and external auditors covering procurement functions
- Procurement compliance and quality assurance officers
- Risk management professionals in public and private organisations
- Finance staff responsible for expenditure verification
- Audit committee members and oversight staff
Course outline
- 01A perfect file and a poor outcome
- 02Planning around procurement risk
- 03Risk based sampling
- 04Testing need, specification and award
- 05Value for money and price benchmarking
- 06Fraud indicators and bid patterns
- 07Contract performance and variation testing
- 08Findings, recovery and reporting
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 15 to 17 February 2027 | Online | Online | R6,500 per delegate | Register Now |
| 24 to 26 February 2027 | Casablanca, Morocco | Classroom | USD 995 per delegate | Register Now |
| 3 to 5 March 2027 | Johannesburg, South Africa | Classroom | R14,950 per delegate | Register Now |