Users of Audited Procurement and Risk Management Reports

Procurement and Audit notes revision

1) Present and potential investors. These risk capital providers and their advisors are concerned with the risk that is inherent in their investment. They need information to help them determine whether they should buy more shares, hold on to the shares they have or sell the shares they have. Corrupt procurement entity deters investors from investing in their organizations.
2) Lenders-Financing institutions to fund or co-fund partnership projects: these can include banks or international funding organizations
3) Suppliers / economic operators interested in supplying the contracting authority
4) Owners and managers of electronic platforms where procurement information is hosted
5) Associations of public and private entities with interest in procurement (ex: engineers or constructors)
6) Legislative and executive bodies-Public Procurement Regulatory Authority, KISM, and Public Procurement Review Board and Treasury. They are responsible of implementation of procurement procedures.
7) Global national or international oversight institutions or commissions on public procurement
8) Public as taxpayers, users of the services and/or as individuals affected the investments.
9) Customers –They have interest in information about the continuance of the company especially when they have long term involvement and or are dependent as the company.

10) Government. The main interest of the government is allocation of resources. It also requires information in order to regulate the activities of the enterprise, determine taxation policies and obtain national income statistics.
11) Procurement consultants –they provide assistance and studies
12) Employees. These and their representative groups such as trade unions are interested in information about the stability and profitability of their employers. They are also interested in information which enable them assess the ability of the company to provide adequate remuneration, retirement benefits and employment opportunities.

Procurement and Audit notes revision

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