Auditing the Procurement Function (The Iia Research Foundation Handbook Series)

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).