COURSE INFORMATION

Scheduled Dates:   03 – 14 Feb 2025 | 05 – 16 May 2025 | 04 – 15 Aug 2025 | 03 – 14 Nov 2025

Duration: 2 Weeks

Customized dates and one-on-one sessions can be organized.

PREAMBLE

The CPM Procurement Auditing course provides a detailed understanding of auditing procurement processes to ensure efficiency, compliance, and transparency in the acquisition of goods and services. Participants will learn how to assess the procurement cycle, identify risks, and evaluate supplier contracts. This course will equip individuals with the skills needed to conduct internal and external procurement audits, implement audit frameworks, and ensure that procurement activities comply with industry standards, legal requirements, and organizational policies. The course will also focus on best practices in procurement auditing, internal controls, and improving procurement systems.

TARGET GROUP

The training is designed for:

• Procurement Managers & Officers: Individuals responsible for managing procurement activities and looking to improve auditing practices.
• Internal Auditors: Professionals who want to enhance their understanding of procurement auditing to assess procurement activities effectively.
• Financial Auditors: Individuals in the financial auditing field who wish to expand their scope to include procurement-related audits.
• Compliance Officers: Those ensuring organizational adherence to procurement laws and regulations.
• Contract Managers & Administrators: Professionals managing supplier contracts who need to ensure compliance and effectiveness.
• Students & Career Switchers: Individuals interested in pursuing a career in procurement auditing or transitioning from other audit-related fields.

COURSE OBJECTIVES

By the end of the training, participants will be able to:

• Understand the role and importance of procurement auditing in an organization.
• Conduct a detailed procurement audit, covering the entire procurement process.
• Identify key areas of risk and inefficiencies in procurement activities.
• Evaluate procurement policies, procedures, and internal controls.
• Understand relevant legal frameworks, standards, and regulations related to procurement auditing.
• Apply auditing techniques to assess supplier contracts, vendor performance, and procurement systems.
• Recommend corrective actions and improvements to enhance procurement effectiveness.
• Prepare and present procurement audit reports to management and stakeholders.

COURSE OUTLINE

The following units will be discussed

1. Introduction to Procurement and Procurement Auditing
2. Procurement Process and Documentation Review
3. Procurement Risk Management and Internal Controls
4. Procurement Auditing Frameworks and Methodologies
5. Compliance and Legal Aspects of Procurement Auditing
6. Auditing Supplier Contracts and Vendor Performance
7. Procurement Auditing Tools and Technology
8. Fraud Prevention and Detection in Procurement
9. Reporting and Presenting Procurement Audit Findings
10. FBest Practices in Procurement Auditing

REGISTRATION

 To register, kindly fill the Seminar Registration Form and send it to us through:

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TERMS AND CONDITIONS OF PAYMENT

1. Fees Payment - All fees are payable strictly in advance 2 working days before the course starting date.
2. Cancellation Fee - Cancellation of any participant 5 working days before the start day of a course will incur a 20% cancellation fee.
   We regret that no cancellations will be accepted within 2 working days of a course, but substitutions may be made.