Hello Friends Today we will discuss about Checklist for Auditing Procurement Process. Being an auditor you have to check the following 10 thinks during audit of Purchased items. Please if you have any new idea share in comments.
Checklist for Procurement Process during Audit of Procurement
Procurement Department
Checklist for Audit
1. Need and request of end user
2. Approval of Competent Authority
3. Budget Allocation
4. Advertisement of Tender Notice
5. Specification
6. Method of Procurement
7. Supply of bidding Documents
8. Evaluation Criteria (Technical bid & Financial Bid)
9. Procedure for Selection of Contractors
10. Acceptance of Bid and Award of Contract
11. Closing of Contract
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