Auditing Purchasing Contracts
- Training Type Recorded Webinar
- Presenter Richard E. Cascarino
- Topic Banking, Insurance & Finance
- Schedule Jul 19, 2023
- Timing 1:00 PM EST
- Duration 60 minutes
Description
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.
The main stages in any purchasing process include:
- Need Recognition. The business must know it needs a new product, whether from internal or external sources. ...
- Specific Need. ...
- Source Options. ...
- Price and Terms. ...
- Purchase Order. ...
- Delivery. ...
- Expediting. ...
- Receipt and Inspection of Purchases
In this webinar, we shall cover:
- 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
This webinar benefits the following agencies-
Financial Institutions as well as Government agencies and organizations involved in large-scale acquisition contracts.
Who should attend?
Internal Auditors, Financial Managers, Purchasing and Procurement Managers, Operational Managers
Speaker
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 of experience in audit training and consultancy.
He is a regular speaker to 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 is currently the Chairman of the Audit and Risk Committee of the Department of Public Enterprises in South Africa.