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Finance and Banking
Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.

Course Title: Contract and Procurement Audit

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Venue: ESAMI Headquarters, Arusha, TANZANIA  
Learning Duration:  3 weeks 
Starting: 21 Nov 2022  Ending: 9 Dec 2022
Fees: 2200 USD
Payment Details: To cover tuition and training materials only.

COURSE OVERVIEW
Organisations are spending huge amount of resources in projects and contracts. Contractual arrangement between the organisation on one hand and third parties such as customers and vendors on the other hand is a permanent feature in many organisations. The successful implementation of the projects and hence the organisation to a large extent is determined not only by the adherence to procurement and contract terms, but also on the extent to which the contract risks are managed throughout the contracting process. Compared to downstream activities, upstream activities (specifically procurement) appear to receive much attention with an inordinate amount of resources spent on them. Little effort is put on the downstream activities. Yet many countries are littered with hundreds of unfinished or never ending contracts, costing tax payers millions of dollars.

Internal auditors need to increase their knowledge and skills to enable them undertake reviews and provide assurance on the effectiveness of both upstream and downstream activities including procurement and contract management. This will further enhance their advisory and consulting roles in procurement and contract management.

WHO SHOULD ATTEND?
The programme is designed for auditors, finance officers, accountants and other officers whose work is closely related to procurement, contract and project management.

HOW PARTICIPANTS WILL BENEFIT
At the end of the course, participants will be able to:
• Learn how to successfully plan for contract and procurement audit;
• Appreciate the contract upstream activities (e.g. procurement) and their impact on downstream activities;
• Appreciate the role of internal auditing for the successful performance of procurement and contracts;
• Develop a checklist for procurement and contract auditing;
• Learn approaches to contract and procurement audit;
• Learn the tools and techniques for executing contract and procurement audit;
• Learn how to execute risk based contract and procurement audit;
• Learn how to report and monitor contract and procurement audit.


TOPICS INCLUDE
• Nature and complexity of contracts;
• Contract upstream and downstream activities;
• Objectives of contract and procurement audit;
• Risk based contract and procurement audit;
• Checklist and readiness check for contract and procurement audit;
• Planning and executing contract and procurement audit;
• Methods, tools and techniques for contract and procurement audit;
• Communication and reporting of contract audit.

Course No:  2022-11-21-3-9-3414

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PROGRAMME ANNOUNCEMENTS

ESAMI COURSES RUNNING IN DUBAI FROM JUNE - DECEMBER, 2022

7 Jun 2022
  DUBAI COURSES: JUNE – DECEMBER, 2022     ESAMI is inviting applications for the following short courses that are scheduled to run in Dubai, UAE from June to December 202...

2022 ESAMI BUSINESS SCHOOL ACTIVITY CALENDAR

7 Feb 2022
     2022 BUSINESS SCHOOL ACTIVITY CALENDAR     PROGRAMME STARTING DATES S/N VENUE PROGRAMME STARTING DATE INTAKE 46 EVENING ...
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