Auditing the Procurement Function

Erscheinungsjahr 2009
ISBN: 978-0-89413-622-1
Verlag: The Institute of Internal Auditors

Buch, Englisch, 101 Seiten

Procurement is the largest or second-largest category of expenditure in most organizations. This book offers practical advice for auditing the procurement function, and it is intended to be of relevance for all types and sizes of organization globally -- in the private sector, the not-for-profit or charitable sectors, local and national government, and international organizations.

The book discusses:

- the definition, scope and importance of procurement
- the core challenge of procurement and concept of “best value for money”
- the important risk areas of fraud, ethics, and socio-economic factors
- common risks, procedures, and internal controls at different stages of the procurement process
- procurement strategy and planning
- the typical sequence of events in the procurement cycle for individual transactions

Auditing the Procurement Function is an important book for internal auditors, external auditors, and all those with an interest in the auditing of procurement (including members of audit committees, procurement professionals, and those who are subject to auditing).

Autoren/Hrsg.

David O’Regan, CIA

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Einkauf, Logistik, Supply-Chain-Management
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Controlling, Wirtschaftsprüfung, Revision
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Externes Rechnungswesen, Rechnungslegung, Bilanzierung

Inhaltsverzeichnis

Page
Acknowledgements v
About the Author vii
Executive Summary ix
PART ONE – INTRODUCTION AND CORE CONCEPTS
Chapter 1: Defining Procurement 3
Chapter 2: The Scope of the Book 7
Chapter 3: The Core Economic Challenge of Procurement 11
Chapter 4: Best Value for Money 17
Chapter 5: Procurement and Fraud 19
Chapter 6: Ethics and Socio-Economic Issues 27
PART TWO – THE PROCUREMENT PROCESS:

PROCEDURES AND INTERNAL CONTROLS
Chapter 7: The Auditing of Basic Procedures and Internal Controls 35
Chapter 8: Procurement Strategy and Planning 37
Chapter 9: The Request for Procurement 43
Chapter 10: The Identification of Potential Vendors 47
Chapter 11: Competition 55
Chapter 12: Technical and Economic Evaluations 63
Chapter 13: Selection of the Preferred Vendor and Award of Contract 73
Chapter 14: The Receipt and Evaluation of Goods and Services 85
PART THREE - CONCLUSIONS
Chapter 15: Concluding Thoughts 93
Chapter 16: Sources of Further Information 95
Appendix – glossary 99

Über Autor(innen)

David O’Regan, CIA, FCA is the Internal Auditor of the Organization for the Prohibition of Chemical Weapons, a United Nations affiliated institution in the Netherlands. A Certified Internal Auditor and Fellow of the Institute of Chartered Accountants in England and Wales, his professional experience includes external auditing with Price Waterhouse (forerunner to PricewaterhouseCoopers), and international internal auditing and financial control with United Technologies Corporation. He was also Chief Audit Executive of Oxford University Press. He is the author of a number of books on auditing, including Strategies for Small Audit Shops (IIA, 2002) and the Auditor’s Dictionary (Wiley, 2004), and he is a contributing editor for Internal Auditor magazine. All views expressed in this book are his own.