Get Procurement Audit Program

Filling out the Procurement Audit Program is essential for ensuring effective purchasing practices within an organization. This guide provides clear, step-by-step instructions to assist users in accurately completing the program online, fostering transparency and accountability in procurement activities.

Follow the steps to successfully complete the Procurement Audit Program online.

1. Click the ‘Get Form’ button to access the Procurement Audit Program, allowing you to initiate the process of completing the form.
2. Review the Audit Planning section. Tailor the program to fit the specific materials and services procured, noting that raw materials, finished goods, and services each require distinct considerations.
3. Complete the Preliminary Survey section. This involves documenting your understanding of the purchasing process within your organization and its significance to operational success.
4. Address the Auditor Objectives by confirming that the purchasing function adheres to management policies, operates efficiently, safeguards company interests, and verifies the accuracy of received orders.
5. Analyze the Purchasing Systems. Write an evaluation of the purchasing system's integration with other procurement facets, examining any automated systems for weaknesses.
6. Identify and describe purchasing risks. Thoroughly document areas of potential fraud or abuse related to cash disbursements and computerized purchasing systems.
7. Collate Audit Evidence by detailing all required documentation such as purchase orders and vendor lists needed to substantiate purchasing activities.
8. Conduct an Internal Control Assessment. Identify and evaluate key controls necessary to mitigate risks associated with purchasing operations.
9. Plan Audit Tests that measure both compliance with established controls and the operational effectiveness of the purchasing function.
10. Finish by saving your changes, and select options to either download, print, or share the completed Procurement Audit Program online.

Encourage completing your documents online to enhance efficiency and accuracy in procurement management.