How to Audit Procurement
Audit procurement activities using a structured approach that targets one of the largest sources of organizational spending. This course explains the core procurement processes and the controls that govern them, then examines the most common forms of procurement fraud. You will also explore the investigative techniques that auditors apply to procurement-related issues, enabling you to evaluate risk exposure, assess control effectiveness, and conduct focused examinations of high-cash, high-volume purchasing environments.
Format
PDF Course
Course Lists
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AU1025
Learning Objectives
- Recognize the manner in which the corporate budget can be used as a procurement control.
- Specify the various controls relating to the issuance of purchase orders.
- Specify the controls applying to the proper recordation of supplier information.
- Describe the different types of frauds that can arise from the procurement function.
- Recognize the different types of procurement-related investigations in which an auditor can engage.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.