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Auditing Purchasing Contracts
- 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.