Auditing the public sector supply chain process

 

Course Objective

 

Participants will have a comprehensive understanding of how to execute an effective procurement audit, and how to reduce fraud and corruption in the public sector.  

 

Course Content

• Different terminologies used for describing the different phases of the supply chain

• Different role players in the supply chain function

• Different processes within the procurement function

• Five critical success factors for high impact procurement functions and how to address these factors during an operational audit

• The value that internal audit can add to auditing an procurement function

• How to apply the COSO framework to audit the procurement function.

• Important governance (policies and procedures) that should be evident in the procurement function

• Conflict of interest

• Controls that should be in place.

• Evaluating the tendering process

• • Benchmarking the tender process

  • Assessing the current internal controls

  • Determining when to embark on a tender process

• Keys to effective inventory management

• Evaluate vendor or supplier management

• Contract management

  • Vendor evaluations

• How to discover fraud (white collar/commercial crime) in the procurement process

• Using electronic data to find footprints of fraud

• Using data mining to find new patterns of fraud

• • Using Benfords law to find false numbers

  • Cover quoting as one of the techniques to commit fraud in the procurement function

  • Definition of cover quoting

  • Characteristics of cover quoting

  • Different techniques used during cover quoting with examples

  • Techniques used to discover cover quoting in the procurement function

• Making use of CAAT during the supply chain audit