Improving internal control through the computerized procurement systems

Procurement and Audit notes revision

• Large storage –procurement systems have the capacity to handle large amount of complex procurement transactions cost effectively.
• Quality information-procurement systems provide reliable information to the managers which they can use them to make decisions.
• Consistency-if the procurement system is properly programmed it will process procurement transactions consistently. This ensures that controlling the system is easier since the same procedure may be applied in the whole system.
• Enhanced security data-in procurement system environment controls are programmed together with data processing instructions e.g. protection of data against unauthorized access maybe very easy through the use of password

Leave a Reply

Your email address will not be published. Required fields are marked *