Internal Control in Procurement Operations
(Section 5. CRICP – Professional Certification Programme)
Here we take you through the basics of internal control in procurement; how the process impacts business operations, the associated risks and how risks can be managed, particularly in the ‘tendering’ process where fraud and bribery are known to be widespread. We will also discuss how best practice could look in your organisation and how the procurement process can be continually monitored and well managed.
The goal is to address procurement practices while controlling risks.