Course Outline:

Module 1: Fundamentals of Procurement and Contracting

• Procurement cycle and key concepts

• Procurement methods and thresholds

• Types of contracts and key clauses

• Common risks and irregularities

• Case Study: Analysis of a flawed procurement process

Module 2: Planning a Procurement Audit

• Understanding audit objectives and scope

• Risk-based audit planning

• Gathering procurement documentation

• Audit tools and checklists

• Exercise: Developing a procurement audit plan using the STP Model

Module 3: Conducting the Procurement Audit

• Fieldwork techniques and evidence collection

• Identifying red flags and compliance breaches

• Sampling strategies and testing transactions

• Interviewing procurement and contract staff

• Practical Workshop: Auditing supplier selection and bid evaluation

Module 4: Auditing Contract Management and Execution

• Monitoring contract performance

• Change orders, delays, and disputes

• Performance indicators and penalties

• Financial tracking and value-for-money assessment

• Case Study: Evaluating contract execution and deliverables

Module 5: Reporting, Recommendations, and Follow-Up

• Writing effective audit reports

• Presenting audit findings to management and stakeholders

• Recommending corrective actions

• Audit follow-up and monitoring improvements

• Capstone Project: Drafting a sample audit report for a procurement case