Public Sector Internal Audit: Risk in Procurement

For public sector organizations, procurement is a significant risk area that is highly vulnerable to fraud, waste, and abuse, so it is essential for internal audit teams to apply rigorous audit methodologies and stay updated on leading practices.

We invite you to participate in our upcoming webinar during which we will examine key areas of procurement that require elevated assurance. We will address practical strategies and common pitfalls in auditing procurement transactions and focus on navigating the evolving regulatory landscape and maintaining audit quality amid operational complexity.

Attendees will gain tools and approaches to assess grant-funded purchases, mitigate fraud risk, evaluate ethical procurement practices, and incorporate third-party and supplier diversity considerations. The speakers will explore how procurement intersects with sustainability and environmental, social, and governance criteria and how internal audit teams can align their processes with these evolving standards.

Whether you are new to auditing procurement or seeking to expand your proficiency, this webinar will offer insights to help you deliver objective, independent audits to management, boards, and the communities served.

After attending this session, you should be able to:

• Detect potential fraud, waste, and abuse in procurement activities
• Apply ethical principles in assessing procurement practices
• Evaluate procurement decisions that involve third-party entities
• Interpret grant procurement regulations to support compliance efforts
• Recommend best practices for auditing procurement performance