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Procurement audit of consultancy

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RJM thanks very, i got your lesson

Post  Zena on Tue Aug 12, 2014 5:09 am

RJM wrote:
Zena,

1. Issue No.1 - this will depend on the Form of Contract governing the the contract - Time Based or Lump-sum Contract (assuming the PPRA Standard Forms). This is because payments are paid based on the form governing the contract. So, please open it up.

2. Issue No. 2 - In the case of the addendum issued, I do not think you as an Auditor you nee to justify anything but rather to assess whether justifications led to the addendum are acceptable and whether the procedures were followed. Ultimately, your determination/opinion whether the addendum is/was beneficial or detrimental to the entity.

3. Issue 3 - Other areas -as we all know that normally contract stipulates RIGHTS, OBLIGATIONS AND LIABILITIES. Therefore, my view is that as an auditor is prudent to assess whether parties to the contract fulfilled those three aspects in the course of its execution.

Just to shed the light!

Zena

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Re: Procurement audit of consultancy

Post  RJM on Wed Aug 06, 2014 7:00 pm

Zena,

1. Issue No.1 - this will depend on the Form of Contract governing the the contract - Time Based or Lump-sum Contract (assuming the PPRA Standard Forms). This is because payments are paid based on the form governing the contract. So, please open it up.

2. Issue No. 2 - In the case of the addendum issued, I do not think you as an Auditor you nee to justify anything but rather to assess whether justifications led to the addendum are acceptable and whether the procedures were followed. Ultimately, your determination/opinion whether the addendum is/was beneficial or detrimental to the entity.

3. Issue 3 - Other areas -as we all know that normally contract stipulates RIGHTS, OBLIGATIONS AND LIABILITIES. Therefore, my view is that as an auditor is prudent to assess whether parties to the contract fulfilled those three aspects in the course of its execution.

Just to shed the light!

RJM

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Procurement audit of consultancy

Post  Zena on Wed Aug 06, 2014 5:55 pm

Dear forum members!

Would you please help me on this?

Currently am doing an audit of one contract for provision of technical service (consultancy) whereby my audit objective is determine whether the both parties (client /consultant) has observed the contract terms and conditions.
However, I have faced the following challenges:
1) The payment is made to consultant after submission of remunerations & reimbursable. Is there any means to confirm the genuineness of these claims?
2) The Consultant has been paid sum amount as a result of addendum (variation order), how do I justify?
3) What are the other key areas should I consider?

Thank you very much.

Zena

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