DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The "Advanced Certificate in Procurement Compliance" training has been added to ResearchAndMarkets.com's offering.

Effective internal and subsequently external audit compliance is a key fundamental in demonstrating effective governance within an organisation. Whilst most internal departments have a specific process work flow, procurement is often extremely difficult to effectively audit as their activities stem from a specific procurement strategy choice.

Uniquely, for procurement team delegates, emphasis is placed upon ensuring that procurement practitioners build an effective yet transparent procurement strategy underpinned by both policy, documentary evidence and audit trails, whilst for auditors the course provides insight into not only how to effectively audit the procurement function, but through knowledge enhancement increases audit sensitivity to potential red flag issues within the procurement function.

Agenda

DAY 1

Understand The Role of Procurement

Key drivers of Procurement strategy. The Strategic Procurement Roadmap. Roles and Responsibilities of the Function. Developing evidence based procurement. Linking Procurement activity to support Corporate Governance.

Understand The Role of Audit

Key drivers of audit strategy. The Strategic audit roadmap. Conducting effective audits. Balancing operational and compliance needs. Triangulating Procurement, Audit & Corporate Governance.

DAY 2

Understand Procurement Risk

The concept of risk. Financial risk. VAT introduction - overview and risk management. Operational risk. Market risk. Importing risk via the supply base. Root cause risk analysis. Managing & mitigating procurement risk.

DAY 3

Developing The Audit Approach - Pre-Tender

Examining the supplier selection process. Ensuring VAT compliance - both pre-tender and for new suppliers. Validating existing supplier listings. Supplier bid concentration. Examining tender pre-qualification focus (PQQ). Examining the tender (ITT). Spend analysis techniques. Supplier capability validation systems. Potential red flag issues. Demonstrating evidence based corporate governance.

DAY 4

Developing The Audit Approach - Supplier Selection

Validating supplier capability. Validating supplier financial stability post VAT implementation. Supplier audit visit management. Examining supplier scoring systems. Managing conflicts of interest. Ensuring objectivity within the tender process. Potential red flag issues.

Developing The Audit Approach - Post Tender- Contracts And Supplier Management

Key legal principles - avoiding contractual risk. Examining supplier performance management systems. Objective supplier relationship management. Developing supplier interaction policies. Managing Cross cultural supplier management audit issues. Potential red flag issues. Validating & ensuring ongoing Corporate Governance compliance.

DAY 5

Bringing Everything Together

The psychology of audit. Effective audit report writing & process management. Effective engagement of audit committee. Developing continuous improvement initiatives together.

ACPC Examination

Only those who successfully complete the examination and participate effectively in the course case studies will receive the Advanced Certificate in Procurement Compliance (ACPC)

For more information about this training visit https://www.researchandmarkets.com/research/8cn729/advanced?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005313/en/

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Related Topics:Supply Chain Management

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: EDUCATION TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT TRAINING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/05/2018 10:14 AM/DISC: 07/05/2018 10:14 AM

http://www.businesswire.com/news/home/20180705005313/en