This sample procurement card internal audit planning memorandum documents the audit approach and scope. The purpose of the audit is to assess the adequacy of internal controls, the level of compliance with established policies and procedures, and the effectiveness and efficiency of business operation.
This memorandum should be completed as part of the initial audit planning process and is meant to enhance audit efficiency. This document can be used as a general guide to understand and review the procurement card memorandum. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations.