The Institute of Internal Auditors

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:

The IIA’s International Professional Practices Framework (IPPF), The Standards, requires all Internal Audit activities regardless of industry, sector, or size of staff, to develop and maintain a Quality Assurance and Improvement Program (QAIP).  The essential elements of a QAIP include internal and external assessments.