Effective E Procurement, E Payment and Auditing Course for Efficient Service Delivery in the Public and Private Sector

Course Details

Effective E-Procurement, E-Payment and Auditing Course for Efficient Service Delivery in the Public and Private Sector 

Course Description

Delivering effective public services calls for multi-level transformation - changing the way public sector organizations think and act, how they view their roles, and how they share information between agencies, with businesses and with their customers.

E-procurement and e-payment have proven itself as one of the more effective and efficient tools for bringing good governance to the procurement process in many states, and e-procurement initiatives have received significant support from the donor community including the World Bank, the Asian development bank, the inter-American development bank and the African development bank.

Various initiatives have already taken place, spearheaded by different organizations to define best practices and strategies for the implementation and development of e-procurement and e-payment systems, and many countries have already introduced e-procurement into their business practices through various business models and approaches.

Course objective

After completion of the course, participants should be able to:

• Understand the principles, processes, and procedures involved in implementing effective e-procurement and e-payment systems in public and private sector organizations.
• Identify the legal, regulatory, and institutional frameworks governing electronic payments, digital currencies, and electronic procurement transactions.
• Apply appropriate security measures and risk management strategies to prevent electronic payment fraud, money laundering, data breaches, forgery, and other cyber-related financial crimes.

• Understand and utilize e-procurement tools and technologies, including e-catalogues, electronic marketplaces, and internet trading exchanges, to improve procurement efficiency and transparency.
• Develop practical risk-based auditing and internal control strategies for monitoring electronic transactions, evaluating control deficiencies, and promoting accountability and efficient service delivery.

Course Outline

Module 1: Fundamentals of E-Payment Systems and Regulatory Framework

• Understanding electronic money and digital representations of currency.
• Nature and evolution of money: From physical cash to digital transactions.
• Procedures and requirements for implementing effective e-payment systems.
• Legal, regulatory, and institutional frameworks governing electronic payment systems.

Module 2: E-Payment Security, Risks and Consumer Protection

• Security of electronic payment systems, data, networks, and infrastructure.
• Electronic payment fraud, forgery, counterfeiting, and computer misuse.
• Electronic money laundering and financial crime prevention.
• Data protection, privacy, consumer protection, and regulatory challenges.

Module 3: E-Procurement Systems, Tools and Best Practices

• Understanding e-procurement concepts, processes, and implementation strategies.
• Advantages of e-procurement over traditional manual procurement systems.
• E-procurement tools: E-catalogues and electronic marketplaces.
• Internet trading exchanges and strategies for improving procurement transparency, accountability, and efficiency.

Module 4: Risk-Based Auditing and Internal Control Systems

• Understanding risk-based auditing and its application in electronic transactions.
• Internal Control–Integrated Framework and its application in organizational operations.
• Characteristics of effective monitoring and evaluation of internal controls.
• Identifying, evaluating, and reporting control deficiencies and developing effective monitoring strategies.

Course Methodology

• • Interactive Lectures and Presentations: Facilitator-led sessions to provide participants with comprehensive knowledge of e-procurement, e-payment systems, regulatory requirements, and risk-based auditing practices.
  • Case Studies and Practical Analysis: Examination of real-life scenarios involving electronic payment fraud, procurement irregularities, cybersecurity risks, and internal control weaknesses to develop practical problem-solving skills.
  • Group Discussions and Experience Sharing: Interactive group sessions to encourage participants to exchange professional experiences, discuss challenges, and identify best practices for effective e-procurement and e-payment implementation.
  • Practical Demonstrations and Hands-on Exercises: Demonstrations of electronic procurement tools, e-payment processes, digital transaction systems, internal control procedures, and risk assessment techniques.
  • Simulation and Problem-Solving Exercises: Simulated workplace scenarios involving procurement processes, electronic payment transactions, fraud detection, audit procedures, and monitoring activities to strengthen participants' practical competencies.