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Review Questions
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Review Questions
Discuss four legal provisions of audit under Public Procurement and Asset Disposal Act (PPADA 2015)
List four persons who cannot be appointed as an auditor
Discuss reasons why an auditor might be asked to step down
Outline five rights of auditors
Discuss five duties of an auditor
Explain the procedures that a proposed auditor must undertake before accepting nomination
Discuss the role of international standards in procurement audit
Discuss the role of international standards in procurement risk management
Discuss five Sources of knowledge of the clients that the procurement auditor would use when conducting audit
Discuss the importance of the procurement auditor understanding the business and using this information appropriately
Explain five key considerations that a procurement audit would take into account before accepting procurement audit task
Discuss the fundamental principles of procurement auditing
A procurement auditor must not only be independent, but must be seen to be
Comment on that statement
Explain the importance of procurement auditor being independent
Discuss the five threats a procurement auditor faces in the process of being
Identify five ways to a procurement auditor may safeguard his independence
Discuss the importance of audit engagement letter
Mention five principal contents of an engagement letter