An audit of procurement is an official review of the procurement process to ensure that it is being conducted in accordance with established policies and procedures. It is designed to identify any potential risks or weaknesses in the process and to ensure that the organization is obtaining the best value for money when purchasing goods and services. The audit should cover all aspects of the procurement process, including the evaluation of suppliers, the selection of the most appropriate supplier, the negotiation of terms and conditions, the monitoring of performance, and the payment of invoices. The audit should also assess the effectiveness of the organization’s internal controls, such as its financial management and reporting systems. The audit should provide assurance that the procurement process is being conducted in an efficient and effective manner and that the organization is achieving its objectives.