Approaches to Procurement Audit

1. Financial approach In this approach, the auditor may ask questions whether the procurement record and transactions have been truly and fairly reflected in financial statements. 2. Compliance approach Auditors may raise questions as to whether the public procurement regulations Read More …

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Terms used in Procurement Audit

1. Audit Procedures – Tasks the auditor undertakes include: collecting, analysing, interpreting and documenting information during an audit. They are the means used to attain audit objectives. 2. Audit Programme – A document that lists audit procedures to be followed Read More …

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