Challenges and opportunities posed the emerging issues and trends in procurement audit and risk management

Procurement and Audit notes revision

• Agility and fluidity of technological innovations
• Hacking phenomenon
• Cost
• Minimum resources available
• Cultural challenges
• Lack of regulatory framework for enforceability
• Insufficiently skilled professionals
• Lack of strategic treatment of procurement
• Few systematic approaches to procurement
• Corruption in public procurement
• Inadequacy of accountability and control mechanisms

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