Purchasing materials for manufacturing or goods for inventory is one of the most important functions for a business. A periodic internal audit of the procurement process examines receipts, business ...
Audit Report Shows Procurement Lapses In Ondo State, Exposure To Alleged Contract Fraud, Bid-Rigging
The 2025 Report of the Ondo State Auditor-General has raised concerns over weaknesses in the state's procurement system, warning that the discontinuation of its electronic benchmarking platform has ...
The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...
Procurement professionals are always juggling many balls in the air. They are chasing budgets, they are chasing deadlines, and they are required to adhere to a complex web of regulations. Given the ...
The past year’s economic volatility forced business leaders to shift strategies and reduce spending while simultaneously seeking new paths to profitability. In particular, according to a Gartner ...
A Tallinn audit, which examined procurements for benches and outdoor toilets, revealed that product descriptions in the urban furniture tender were based on items sold by specific companies.
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