Auditing Purchasing Contracts

  • 22
  • November 2024
    Friday
  • 11:30 AM PST | 02:30 PM EST

    Duration:  60  Mins

Level

Intermediate

Webinar ID

IQW24K1159

  • Contract Lifecycles
  • Types of Contracts
  • Critical Business Factors
  • Major Risks
  • What can go Wrong and Why
  • Cost Plus Contracts
  • Fraud by Vendors
  • Fraud by Employees

Overview of the webinar

Contract management activities include administering and monitoring contracts/purchase orders after the award and during implementation.

The objectives of a contracts audit are to determine the following:

  • To determine whether the procurement process is achieving desired outcomes.
  • To determine whether the contract management process is achieving desired outcomes.

Inconsistent purchasing processes throughout the organization can lead to a reactive approach to contract management and can limit the organization’s ability to fully monitor the procurement process.

Who should attend?

  • Internal Auditors
  • Financial Managers
  • Purchasing Managers
  • Procurement Managers
  • Operational Managers

Why should you attend?

Apart from highlighting failures to follow rules in a procurement process, a procurement compliance audit flashes out deficiencies in procurement system and procedures. Irregularities such as fraud and corruption are exposed in the manner goods and services are sourced.

Faculty - Mr.Richard Cascarino

Richard E. Cascarino, MBA, CIA, CISM, CFE, CRMA Well known in international auditing, Richard is a principal of Richard Cascarino & Associates based in Colorado, USA, and Johannesburg, South Africa with over 32 years experience in audit training and consultancy.
He is a regular speaker at National and International conferences and has presented courses throughout Africa, Europe, the Middle East, and the USA.
Richard is a Past President of the Institute of Internal Auditors in South Africa, was the founding Regional Director of the Southern African Region of the IIA-Inc, and is a member of ISACA, and the Association of Certified Fraud Examiners, where he is a member of the Board of Regents for Higher Education.
Richard was Chairman of the Audit Committee of Gauteng cluster 2 (Premier's office, Shared Services, and Health) in Johannesburg and was also the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.
 

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