IIA-Australia White Paper - Auditing Tender Specifications and Assessment Criteria

IIA-Australia White Paper - Auditing Tender Specifications and Assessment Criteria

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Author

Barry Davidow BCom, BAcc, MTaxLaw, ACA, CFE, CRMA, PFIIA, Advanced Diploma of Government (Management), Diplomas in Risk Management and Business Continuity, Government (Fraud Control), Government (Investigation) and International Financial Management.

Naveen Moda BCom, Chartered Accountant (CA ANZ), Diploma in Public Sector Management, Diploma in Investigation

Date

 2022

Topics Explored

Internal Audit

Format

White Paper

Extract/Description

This White Paper helps auditors effectively audit tender specifications and the criteria used for selecting the successful tenderer. These areas are critical to the tender process and are the two areas that most frequently contribute to tenders failing to achieve the desired outcomes, and resulting in a range of significant problems to the organisation.

Key Points

  1. It is essential to understand the context of the procurement.
  2. It is essential the objectives be clearly stated.
  3. It is often valuable to consider lessons learned from previous procurement experiences.
  4. Risks and opportunities should be properly considered.
  5. It is not uncommon for procurements to fail because of poor assessment criteria or misapplication of the criteria.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate