IIA-Australia White Paper - Procurement Integrity (Probity)

IIA-Australia White Paper - Procurement Integrity (Probity)

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Author

Andrew CoxMBA, MEC, GradDipSc, GradCertPA, DipBusAdmin, DipPubAdmin, AssDipAcctg, CertSQM, PFIIA, CIA, CISA, CFE, CGAP, CSQA, MACS Snr, MRMIA

Date

 2022

Topics Explored

Risk Management, Conflicts of Interest, Corruption

Format

White Paper

Extract/Description

For public and shareholder trust, decisions must be made with probity. Probity means decisions are made with integrity, honesty and fairness in the pursuit of getting value-for-money. It is imperative tenders and procurements are and are seen to be transparent and accountable.

Key Points

  1. Probity is evidence of ethical behaviour in a process, and is defined as ‘complete and confirmed integrity, uprightness and honesty’.
  2. A probity adviser provides advice on issues which may arise before and during the procurement.
  3. A probity auditor is self-directing and exercise a higher level of independence than a probity adviser.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate