The procurement process audit, carried out by independent professionals, makes every company management board comfortable regarding the implementation of the appropriate processes and transparent policies. Based upon many years of experience earned in the largest global corporations and ACCA, standards, the eB2B team utilises professional procedures aimed at accessing how generally perceived procurement processes function. We use internal control measures as well as internal audit and/or carry out a wide range of tests.

The internal control questionnaire (ICQ) is there to plan the audit approach in order to assess any existing control measures as well as to identify areas for improvement. The ICQ results are presented to the management board in the form of a report with accompanying eB2B recommendations

The ICQ questions are prepared on an individual basis for each client taking in to account industry specific factors. They include aspects regarding:
1.    Instructions provided to employees whilst carrying out their responsibilities
2.    Authorisation procedures
3.    Documentation and procedures applied during the transactions under scrutiny
4.    Registration, documentation and records
5.    Process sequence
6.    The level of employee independence at each stage of the transaction (e.g. segregation of duties)

The questions are used in the ICQ are closed questions (Yes/No) and the total time required for completion does not exclude 30 minutes. The questions allow the individual(s) involved to review the procurement cycle from the following perspectives:
1.    The products/goods/services purchased are ordered in keeping with existing procedures
2.    The goods/services purchased are orders in justifiable quantities in order for the business to function
3.    Goods/services are actually received and subjected to quality, quantity and stock level controls
4.    Invoices and any relevant documentation are appropriately checked and confirmed

eB2B consultants carry out the following:

• verification If procurement systems guarantee the appropriate standards
• provide recommendations regarding the need to centralise selected procurement processes
• review the client's procurement policies and processes
• assessment the quality of suppliers and the status of the client' s relations with strategic suppliers
• recommendation a strategic process of  supplier certification

In order to obtain further information please contact us via eB2B office