This book offers practical advice for auditing the procurement function and provides a summary of the fundamental internal controls that one would expect to see in a well-managed organization.
There have been significant developments and changes in the approach to procurement since the first edition was published. You will learn about:
- Definitions of procurement
- Core economic challenges
- Procurement fraud
- Ethical and socioeconomic issues
- Internal controls and the “Three Lines of Defense”
- Identification of potential vendors