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A. The procurement audit is a tool/ technique of the contract administration process
B. The procurement audit provides information regarding how effectively the seller is meeting contractual obligations
C. The primary purpose of procurement audit is to identify lessons learned during the procurement process
D. The procurement audit is a tool/ technique of the close project process
A. The procurement audit is a tool/ technique of the contract administration process
B. The procurement audit provides information regarding how effectively the seller is meeting contractual obligations
B. The procurement audit provides information regarding how effectively the seller is meeting contractual obligations
Procurement Audit is a systematic, comprehensive and independent investigation or evaluation of the Procurement Processes of an organisation.
The procurement audit is a systematic and independent analysis to determine whether the activities and the results of these activities correspond to the planned demands and whether these demands are effective and suitable to achieve the objectives.
A. The procurement audit is a tool/ technique of the contract administration process
B. The procurement audit provides information regarding how effectively the seller is meeting contractual obligations.
As the prime objective is that appropriate standards and practices are in place for the sound management of procurement and contract.
The best option given in show detail is
C. The primary purpose of procurement audit is to identify lessons learned during the procurement process
Adequate and appropriate records are maintained throughout the procurement process and provide sufficient information to enable an audit review.
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