With purchasing being the second largest spend for the majority of organisations (the first usually being labour costs), and with purchasing processes and methods becoming increasingly complex, and in some cases risky, the focusing of audit attention on procurement is to be expected. This highly practical course seeks to give auditors working in all types of organisation the necessary understanding of procurement processes, and the skills to provide robust assurance on those processes. Delegates will be taught how to assess the extent to which purchasing processes are both well-controlled and executed, but also designed in a manner which optimises economy, efficiency and effectiveness. This is essential in ensuring that organisations survive in an increasingly competitive and global market, and under increasing scrutiny. In the public sector, the need to demonstrate sound control of spending, and to maximise efficiency whilst ensuring exemplary conduct, is increasingly paramount. In the private sector, stakeholders also expect this. To this end, internal audit plays a crucial role. The course also examines the ways in which a leading edge internal audit function can add value by spotting opportunities for providing consultancy advice in the procurement field. In all cases, a risk-based approach is adopted to ensure that audit attention is directed to the areas with the highest potential to impact on the organisation’s success and reputation. Delegates will carry out numerous exercises and case studies to reinforce the learning they acquire during the course, to ensure that they return to their work fully equipped to tackle all aspects of purchase audit.