Auditing the Procurement Function, 2nd Edition

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