Procurement Audit
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Procurement Audit

Procurement and Supply Chain Management 0 live dates
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Course language and bilingual support

Course language and bilingual support

The official course materials and detailed programme are provided in English. Subject to trainer availability, explanations, discussions and practical exercises may also be delivered bilingually in English and the selected local language.

Seminar content

What you will learn

Why Attend

Procurement activities represent a significant area of financial expenditure, operational dependency, and compliance exposure for many organisations. Ineffective procurement controls can result in excessive costs, inappropriate supplier selection, contract non-compliance, delivery failures, conflicts of interest, and increased exposure to fraud and corruption. A systematic procurement audit helps organisations evaluate whether purchasing activities are transparent, properly controlled, commercially effective, and aligned with business requirements.

The Procurement Audit course provides internal auditors, procurement professionals, compliance specialists, and risk managers with a structured approach to auditing the complete procurement lifecycle. Participants learn how to assess procurement governance, evaluate sourcing and tendering procedures, examine supplier qualification processes, review purchasing transactions, and test controls over contracts, goods receipt, invoicing, and payments.

The programme also addresses procurement performance auditing, supplier risk assessment, fraud indicators, procurement data analytics, and audit reporting. Through practical case studies and audit simulations, participants develop the skills needed to identify procurement weaknesses, gather reliable evidence, assess financial and operational consequences, and recommend improvements that strengthen purchasing accountability and value for money.

Professional Problems This Course Is Designed to Solve

  • Weak procurement governance and compliance: Evaluating purchasing policies, delegated authorities, approval procedures, and adherence to applicable organisational and regulatory requirements.

  • Inadequate supplier selection and tendering controls: Identifying weaknesses in supplier qualification, competitive bidding, technical evaluation, and contract award decisions.

  • Uncontrolled purchasing expenditure: Reviewing purchase requisitions, purchase orders, pricing, budget compliance, and purchasing commitments to identify unnecessary or unauthorised expenditure.

  • Procurement fraud and conflicts of interest: Detecting indicators of supplier collusion, bid manipulation, fictitious vendors, duplicate payments, and inappropriate relationships.

  • Poor contract and supplier performance: Assessing contractual compliance, delivery performance, service quality, pricing arrangements, and supplier management controls.

  • Ineffective purchase-to-pay controls: Testing the completeness, accuracy, authorisation, and validity of procurement transactions, goods receipts, invoices, and payments.

  • Limited procurement audit coverage: Applying risk-based planning, transaction analytics, and structured audit testing to improve assurance over complex purchasing activities.

Course Methodology

The programme combines instructor-led discussions, procurement audit case studies, risk-control mapping exercises, audit planning workshops, transaction testing simulations, supplier evaluation reviews, and procurement data analysis.

Participants examine realistic procurement documentation, including purchasing policies, tender records, supplier files, purchase orders, contracts, receiving reports, invoices, and payment records. Practical exercises focus on developing audit programmes, identifying control weaknesses, evaluating evidence, documenting findings, and preparing recommendations for procurement improvement.

Course Objectives

By the end of this course, participants will be able to:

  • Understand the objectives, scope, and responsibilities of procurement auditing

  • Identify procurement risks across sourcing, purchasing, contracting, and supplier management

  • Evaluate procurement governance, policies, and internal control arrangements

  • Develop risk-based procurement audit plans and audit programmes

  • Assess supplier qualification, tendering, and contract award procedures

  • Test purchasing transactions, approval controls, and purchase-to-pay processes

  • Evaluate procurement contracts, supplier performance, and value for money

  • Identify procurement fraud indicators and potential conflicts of interest

  • Apply procurement data analytics and transaction testing techniques

  • Assess audit evidence and determine the significance of control deficiencies

  • Prepare clear procurement audit findings and practical recommendations

  • Develop procurement audit follow-up and continuous monitoring procedures

Target Audience

This course is suitable for:

  • Internal auditors and senior internal auditors

  • Procurement auditors and audit managers

  • Procurement and purchasing managers

  • Governance, risk, and compliance professionals

  • Internal control and assurance specialists

  • Contract management and supplier performance professionals

  • Financial controllers and accounts payable managers

  • Public procurement and tender oversight professionals

  • Fraud risk management and investigation specialists

  • Professionals responsible for procurement compliance and operational assurance

Target Competencies

Participants will develop competencies in:

  • Procurement risk assessment

  • Risk-based procurement audit planning

  • Procurement governance evaluation

  • Supplier sourcing and tender audit

  • Purchase-to-pay control testing

  • Contract compliance auditing

  • Procurement fraud risk identification

  • Procurement data analytics

  • Audit evidence evaluation

  • Procurement audit reporting and follow-up

Benefits

Why attend this seminar

  • Build current, practical knowledge in procurement and supply chain management.
  • Translate the course ideas into actions you can use immediately at work.
  • Review real schedule options across 15 venues and live dates.
  • Compare the course content, available dates, and venue before booking.

Methodology

How the course is delivered

  • Structured seminar input and guided discussion.
  • Applied examples using current business situations.
  • Review the course topics and learning objectives in the outline above.
  • Clear next steps for implementation after the course.

Target audience

Who this is for

  • Professionals responsible for procurement and supply chain management.
  • Managers, specialists, and team leads who need applied skills.
  • Participants looking for a focused route into Procurement Audit.

Seminar details

Detailed outline

Day 1: Procurement Audit Fundamentals, Governance and Risk Assessment

  • Understanding the purpose and scope of procurement auditing and its contribution to governance, financial control, operational efficiency, and value for money

  • Mapping the procurement lifecycle from requirements identification and sourcing through contract award, purchasing, delivery, invoicing, and payment

  • Evaluating procurement governance structures, purchasing policies, delegated authorities, ethical standards, and compliance requirements

  • Identifying inherent and residual procurement risks associated with expenditure, supplier dependency, operational continuity, fraud, and contractual obligations

  • Developing risk-based procurement audit objectives, scope, criteria, and testing priorities using procurement expenditure and control information

  • Practical workshop: Preparing a procurement risk assessment and risk-based audit plan for a selected organisational purchasing process

Day 2: Auditing Supplier Sourcing, Tendering and Contract Award

  • Reviewing procurement planning, sourcing strategies, market research, and the justification of competitive or non-competitive purchasing methods

  • Evaluating supplier registration, qualification, due diligence, financial assessment, and conflict-of-interest controls

  • Auditing requests for quotation, tender documentation, technical specifications, bid submission procedures, and evaluation criteria

  • Testing supplier selection and contract award decisions for transparency, consistency, authorisation, and compliance with approved procedures

  • Identifying red flags involving restrictive specifications, bid manipulation, supplier collusion, unjustified sole-source awards, and evaluation irregularities

  • Practical exercise: Reviewing a procurement tender file to identify control weaknesses, compliance exceptions, and potential supplier selection risks

Day 3: Auditing Purchase-to-Pay Processes and Financial Controls

  • Evaluating controls over purchase requisitions, purchase orders, approval limits, purchasing budgets, and expenditure commitments

  • Testing segregation of duties across purchasing, supplier master data maintenance, goods receipt, invoice processing, and payment authorisation

  • Reviewing receiving documentation, quantity verification, quality acceptance, and discrepancies between orders and delivered goods or services

  • Auditing invoice validation, three-way matching, payment approvals, supplier bank detail changes, and accounts payable controls

  • Applying procurement transaction analytics to identify duplicate payments, split purchases, unusual prices, unsupported transactions, and purchasing policy violations

  • Practical workshop: Performing purchase-to-pay audit tests using illustrative procurement transactions, supplier records, invoices, and payment data

Day 4: Contract Compliance, Supplier Performance and Procurement Value

  • Auditing procurement contracts for approved terms, pricing conditions, delivery obligations, performance requirements, warranties, and change control provisions

  • Evaluating supplier performance management through delivery reliability, quality results, service levels, corrective actions, and contract compliance

  • Reviewing contract variations, extensions, price adjustments, claims, and additional expenditure for appropriate justification and approval

  • Assessing procurement efficiency through purchasing cycle times, sourcing effectiveness, expenditure analysis, and supplier concentration

  • Applying value-for-money auditing principles to evaluate economy, efficiency, and effectiveness in procurement decisions

  • Case study: Conducting a contract and supplier performance audit to identify commercial risks, operational weaknesses, and opportunities for procurement improvement

Day 5: Procurement Audit Reporting, Fraud Indicators and Continuous Monitoring

  • Evaluating procurement audit evidence and distinguishing isolated transaction errors, systemic control weaknesses, compliance failures, and potential fraud indicators

  • Developing audit findings with clear criteria, conditions, causes, consequences, supporting evidence, and practical recommendations

  • Communicating procurement audit results to management, procurement leadership, audit committees, and relevant governance stakeholders

  • Establishing corrective action plans, management responsibilities, implementation deadlines, and audit follow-up procedures

  • Designing continuous procurement monitoring indicators and dashboards covering purchasing compliance, supplier performance, transaction exceptions, and procurement risks

  • Capstone exercise: Developing and presenting a Procurement Audit Report and Improvement Plan covering audit scope, risk assessment, testing results, control deficiencies, fraud indicators, recommendations, and follow-up priorities

Dates and locations

Available seminar dates

50% DISCOUNT FOR GROUPS
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No scheduled sessions found There are no upcoming dates listed for this course at present. Please contact us to ask about future dates.

Course certificate

Certificate awarded on completion

Every participant who completes this seminar receives a professional course certificate from INFORMATECH.

  • Participants receive an INFORMATECH certificate for completing Procurement Audit.
  • The certificate recognises attendance and successful participation in the seminar.
  • It can support professional development records within procurement and supply chain management and related functions.
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Information about

Frequently asked questions

When is my seat confirmed?

Your seat is confirmed once full payment has been received.

Do you offer group discounts?

Yes, we offer the following discounts for group bookings:

  • 2 participants: 20% discount
  • 3 participants: 35% discount
  • 5 or more participants: 50% discount
Can discounts be combined with other offers?

No, discounts cannot be combined unless explicitly stated.

What payment methods do you accept?

We accept bank transfers, credit/debit cards, and selected online payment methods.

When do I need to pay?

Full payment must be completed before the course start date to secure your participation.

Is VAT included in the course fee?

VAT treatment depends on your location and status:

  • EU Companies (with valid VAT number): VAT may be reverse charged (0%)
  • EU Individuals (without VAT number): VAT is applicable based on local regulations
  • Non-EU Participants: VAT is generally not applicable (0%)
Can I get a VAT invoice?

Yes, all participants receive an official invoice. EU companies must provide a valid VAT number.

Can I cancel my registration?

Yes, cancellations must be submitted in writing.

What is your refund policy?
  • More than forty-five (45) calendar days before the course start date: The participant shall be entitled to a full refund of the training fees paid.
  • Between thirty-one (31) and forty-five (45) calendar days before the course start date: The participant shall be entitled to a refund of fifty per cent (50%) of the training fees paid.
  • Thirty (30) calendar days or fewer before the course start date: The training fees shall be non-refundable.
Can I transfer my seat to another person?

Yes, substitutions are allowed at no extra cost if requested before the course start date.

What happens if the course is postponed or cancelled?

We reserve the right to reschedule or cancel a course due to unforeseen circumstances. In such cases, you may:

  • Transfer to another date
  • Receive a full refund
Will I receive a certificate?

Yes, all participants will receive a certificate of completion after attending the course.

Is attendance mandatory?

Yes, full attendance is required to receive certification.

Are your courses online or in-person?

We offer both in-person and virtual (live online) training options.

Will course materials be provided?

Yes, all participants receive training materials in digital format.

Are travel and accommodation included?

No, participants are responsible for their own travel and accommodation unless otherwise stated.

Can you deliver customised or in-house training?

Yes, we offer tailored training programmes based on your organisation's needs.

How can I contact you for support?

You can reach us via email at info@informatech.co.uk or through our contact form. Our team will respond promptly.

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