The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...

Purchasing materials for manufacturing or goods for inventory is one of the most important functions for a business. A periodic internal audit of the procurement process examines receipts, business ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

SARATOGA SPRINGS, N.Y. (NEWS10) — New York State Comptroller Thomas DiNapoli has released an audit on the New York Racing Association’s (NYRA) purchasing and procurement practices. The audit found ...

Paper-based procurement has long been the way governments operate, and it does help ensure security and compliance. But it ...

The expanding scope of fintech has been well documented in these digital pages. Payments, investing, financial planning and lending often spring to mind as “classic” fintech startups, but other ...

Editor’s note: This article was updated at 4:10 p.m. State Auditor Doug Hoffer answers lawmakers questions in April on his audit of Vermont Health Connect. File photo by Morgan True/VTDigger [T]wo ...

The KPMG audit found the council awarded $239.1 million in non-tendered contracts from 2021 to 2023. The audit was commissioned in 2024 as part of the previous council’s long-te ...