Need for Establishment of Professional Code of Ethics for Procurement and Supply Auditors

Table of Contents

1.1      Introduction

1.1.1       Definitions of Key Terms

1.2      Ethical Implication of Procurement

1.3      Ethical Code of Conduct for Professionals of


Procurement and Supply Auditor

1.4      Need for Professional Code of Ethics for Procurement


and Supply Auditor

1.5      Conclusion

References

Abstract

The acquisitions of goods, services and works,


taken from public procurement point of view, bring in a matrix of sophisticated


cases of procurement. Given that a procurement cycle encompasses all the


processes from the identification of the need to the eventual disposal of an


asset, it is obvious that procurement of some the construction projects which,


with the existing techniques and technology, is tedious and complicated. It is


therefore, no wonder that we need to equip our construction practitioners with


the best education and training that will enable them to deliver, and in this


particular case, in all stages of procurement from identification of the need


to the eventual disposal of the asset. The whole process need audit process to


see if the process has been executed well. (Brown, 2010)