procurement-audit-and-risk-management
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DATE 06 Dec 2025
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SIZE 1.84 MB
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notes
About This Document
Document Type: This is a Past Paper, designed for Reviewing previous question patterns.
Context: Standard material from the 2017 academic period.
Key Content: Likely covers essential definitions, technical implementation, and theoretical concepts necessary for mastery of the subject.
Study Strategy: Attempt these questions under timed conditions to simulate a real exam environment, then check against your notes.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "procurement-audit-and-risk-management" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART II PROCUREMENT AUDIT AND RISK MANAGEMENT THURSDAY: 30 November 2017. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Identify FOUR types of risks associated with procurement operations. Interpret the following fundamental terms with respect to the code of ethics governing the conduct of professional procurement auditors. (2 marks) Citing two reasons, explain the importance of supplier transition planning as a risk management strategy in procurement. (4 marks) (d) Describe THREE challenges of auditing e-procurement systems. ch op (6 marks) (Total: 20 marks) i. (c) ke (b) (4 marks) SECTION B QUESTION TWO Manu Company Limited is a global soft drink firm. The organisation is currently facing fierce competition in the market and the board of directors has decided to outsource the risk management to a third-party. (a) Propose FIVE methods that Manu Company Limited could use to mitigate risks associated with non-performance of the third-party.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
CERTIFIED PROCUREMENT AND SUPPLY PROFESSIONAL (CPSP) PART II PROCUREMENT AUDIT AND RISK MANAGEMENT THURSDAY: 30 November 2017. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. SECTION A QUESTION ONE (a) Identify FOUR types of risks associated with procurement operations. Interpret the following fundamental terms with respect to the code of ethics governing the conduct of professional procurement auditors. (i) Integrity. (2 marks)...
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