The Institute of Internal Auditors of Rwanda (IIA-Rwanda) will host a two-day workshop from February 20 to 21, 2020 at the Grand Legacy Hotel Remera, on procurement audit and e-procurement.
The workshop aims to equip audit and risk professionals with the skills that enable them to provide relevant, timely and risk based assurance across the whole procurement cycle.
It will also allow participants to understand how to effectively manage the risk to safeguard their organizations’ interests.
Procurement fraud is the second most frequently reported form of economic crime.
It is one of the most complex frauds to investigate as there are numerous ways it can be committed, making it a risk area for fraud and corruption and these usually result in misuse of organizational and public resources.
Organizations do not just face risks from within but also from external elements; further-more the sheer scale of the expenditure involved means that the duty to secure value for money has become more prominent.
Procurement fraud is a serious offence that both public and private sector must tackle before it gets out of control.
A general analysis of the Auditor General reports over the years, indicate several cases that involve dubious procurement procedures where goods or services delivered were either substandard or over inflated.
By introducing e-procurement, government has heavily mitigated the risk but this doesn’t mean that fraud loopholes no longer exist.
The introduction of e-procurement by government has contributed to the reduction of procurement related fraud especially in the public sector.
E-Procurement has led to transparent spending, reduced costs, increased productivity, increased transaction speed and reduced errors.
However, while electronic procurement has curbed fraud, it has its own technology related risks.
Over the course of two days, participants will cover various topics which include: Auditing the management of the procurement function; Auditing the preparation of the procurement; Auditing the procedures selected to procure; Auditing the publicity and Notifications used; Auditing the Award procedures; Auditing “additional works /” variation orders and Auditing controls around E-procurement.
The Workshop will attract Chief internal auditors, Audit Managers, Auditors, Procurement Officers Chief Risk Officers, Risk Managers Chief Compliance Officers compliance officer and many more.
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