The award and performance of public contracts raise many questions the world over, not least as to how regular and transparent they are. The irregularities observed — which weigh on growth and development in most countries — are generally described as corruption.
Against that background, and as a preventive measure, AUDICO’s experts assist and support the officials of public administrations and public bodies, and their suppliers, in:
gaining command of the applicable directives, laws and regulations;
putting in place the arrangements and mechanisms for continuous monitoring of compliance with the regulations in force, so as to guarantee transparency and effectiveness in the management of public resources;
overseeing the effective and efficient conduct of the public procurement process and of the performance of the resulting contracts.
Our assurance and advisory services, delivered through independent audits of public procurement, contribute to protecting the public interest, to the efficient use of resources, and to giving suppliers confidence in the transparency of the procedures and processes.
Finally, AUDICO encourages, assists and supports administrations and public bodies in establishing and running the committees needed to safeguard the quality of audits, internal and external, to monitor that the recommendations arising from them are actually implemented, and to give assurance that the financial information published is reliable.
