Procurement Audit - dont miss it , check your confidence,

Submitted by sspawar on Wed, 07/25/2012 - 00:19

What is the objective of a procurement audit?
 

A. Review for compliance to procurement norms of the organization

B. Formal acceptance of product

C. Review for compliance to statutory laws

D. Identify lessons learned from the entire procurement, to be shared on other projects/ procurement items
 

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moeabdelaziz

Wed, 07/25/2012 - 00:24

I believe it's choice D if i'm not mistaken

RaviDatt

Wed, 07/25/2012 - 00:36

I will go with option D.


Procurement audit is done to review the whole procurement process from Plan procurement till Administer Procurement.

Mukta Soni's picture

Mukta Soni

Wed, 07/25/2012 - 02:21

 D is the right answer . (don't confuse this audit with Quality Audit)

Ramana_99

Wed, 07/25/2012 - 05:11

My Answer is B

 

- Ramana

krantikumar50

Wed, 07/25/2012 - 05:15

I feel "D" is the right answer.


 


Warmly, KK...

karthik21

Wed, 07/25/2012 - 11:37

 My answer is B

sspawar

Wed, 07/25/2012 - 11:46

D is correct refer  12.4.2.1