Company constitution

A company’s constitution comprises the Articles of Association and any resolutions and agreements the company makes which affect the constitution. Memorandum of Association under the Companies Act 2015 The memorandum is a simple document which states that the subscribers wish Read More …

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Procurement Audit Risks

Procurement and Audit notes revision

Audit risk is the ‘risk that the auditor expresses an inappropriate audit opinion when the procurement records are materially misstated’. Risks affecting the procurement system should be taken into account at the time of planning of the audit and may Read More …

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Insurance

Procurement and Audit notes revision

Insurance is a form of risk management used to ‘hedge’ against the risk of a contingent, ‘Uncertain loss, or a loss which may not occur. In technical terms, ‘hedging’ is a technique of taking a position (making an investment) in Read More …

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