procurement audits

Procurement audits are systematic reviews of an organization’s purchasing processes to ensure they follow regulations, policies, and best practices. They examine how goods and services are acquired, assess cost-effectiveness, prevent fraud, and verify transparency. The goal is to identify any inefficiencies, risks, or compliance issues, and recommend improvements to ensure procurement is fair, accountable, and aligned with organizational objectives. Essentially, it’s a detailed check-up to ensure the purchasing activities are properly managed and ethically conducted.