Specific objectives of Procurement Audit

1. Ensure value for money in the use of public funds for procurement.
2. Promote better transparency and accountability.
3. Ensure organization is independent in conduct of procurement audit.
4. Ensure organization has sufficient authority to carry out procurement audit in a manner that meets best practices.
5. Ensure organization has the right and obligation to report on the results of
procurement audit to head the oversight body concerned via the heads of the organization.
6. Assess the adequacy of the procurement policy by the organization.
7. Evaluate whether procurement activities comply with procurement laws and regulations.
8. Determine the extent to which internal controls of procurement activities are operating effectively.
9. Identify opportunities for improvement as appropriate and make recommendations for improvement.