Auditing the Procurement Function (The Iia Research Foundation Handbook Series)

The book discusses:
the definition, scope and importance of procurement
the core challenge of procurement and concept of best value for money
the important risk areas of fraud, ethics, and socio-economic factors
common risks, procedures, and internal controls at different stages of the procurement process
procurement strategy and planning
the typical sequence of events in the procurement cycle for individual transactions

Auditing the Procurement Function is an important book for internal auditors, external auditors, and all those with an interest in the auditing of procurement (including members of audit committees, procurement professionals, and those who are subject to auditing).