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Claudelle von EckChief Executive Officer of the IIA SA

Fundamentals of Auditing the Supply Chain Management (ASCM) 26-27 February 2018
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 Export to Your Calendar 2018-02-26 to 2018-02-27
When: 26-27 February 2018
Registration starts at 8:30am
Where: Leadership Academy
Edenvale, 7th Avenue No 7
Block B
JHB 1609
South Africa
Contact: Project Coordinator: CPD & Events


Online registration is available until: 2018-02-26
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Untitled Document

Presenter/s: Deon van der Westhuizen
Duration: 2 Days
CPD Hours: 16
Fees
 Ex Vat
Inc Vat 
Member:
R4 528.94
 R5 163
Non-Member:
R5 489.47
 R6 258

Training Program Objective

Upon completing the course, participants will have a comprehensive understanding of how to execute an effective procurement audit.

Course Content

  • Different terminologies used for describing the procurement functions within organizations
  • Different role players in the procurement function
  • Different processes within the procurement function
  • Five critical success factors for high impact procurement functions and how to address these factors during an operational audit
  • The value that internal audit can add to auditing an procurement function
  • How to apply the COSO framework to audit the procurement function Important governance (policies and procedures) that should be evident in the procurement function
  • Assess the adequacy of conflict of interest
    • Controls that should be in place.
  • Evaluating the tendering process
    • Assessing the current internal controls
    • Benchmarking the tender process
    • Determining when to embark on a tender process
  • Keys to effective inventory management
  • Evaluate vendor or supplier management
    • Contract management
    • Vendor evaluations
  • How to discover fraud (white collar/commercial crime) in the procurement process
    • Using electronic data to find footprints of fraud
    • Using data mining to find new patterns of fraud
    • Using Benfords law to find false numbers
    • Cover quoting as one of the techniques to commit fraud in the procurement function
      • Definition of cover quoting
      • Characteristics of cover quoting
      • Different techniques used during cover quoting with examples
      • Techniques used to discover cover quoting in the procurement function
  • Making use of CAAT during the procurement audit

Who should attend?

Level 1
Entry or introductory level for those requiring a fundamental understanding of the subject.
Level 2
Internal auditors who are already practicing internal audit and have a basic understanding of the subject
Level 3
Supervisory/competent/senior internal auditors: those who already have a sound, practical grasp of the fundamentals of internal auditing and manage staff

A 10% discount applies if 2 or more participants from the same company attend this course.
Please be advised of the event terms and conditions.
Delegates are also requested to review the content and the levels of the courses presented before booking, to ensure they are attending the right course.

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