The International Public Procurement Evolution: New Strategic Challenges Met in Collaboration with Internal Audit Advisory Services

Abstract

This study identifies and evaluates some of the major procurement issues met currently by international organizations both in private and public sectors. It deals with strategic procurement decision-making like outsourcing and market globalization, concessions set up, business continuity and contracting typology transformations. Such dynamic changes are deployed in a context of increased concern about the application of liberal procurement principles, which drive towards a series of improvements at the procedures and documentation level. The authors relate this evolution with the Internal Audit consulting perspective, which is still a recent endeavor, but in progress and dynamically expanding. European Union and related Agencies and Institutions are usually spearheading towards this direction offering lessons learned for further consideration.

Transaction costs and competitive tendering in public procurement: Moderating role of integrity

“…Transaction costs analysis highlights the relevance of institutions in procurement markets when characterized by bounded rationality on the part of the procurement practitioners (Seeletse and Ladzani, 2012;Baltos et al, 2018).…”

Quality Management, Standardization and Auditing Meet Multiple Organizational Risks, Strengthening Open Market Understanding and Social Responsibility

“…Customer focus, therefore, is being examined as the spearhead of an institutional evolution driving the attention to the single user/customer/citizen, whose needs turn to be the epicenter of public and private sector services and concerns. There is a "democratization" attribute in this kind of respect to the customers, in analogy with the shift of the education toward student-centric instead of teachercentric forms or the reform of libraries from limited series of hard-copies to e-books and open knowledge sources (G. Baltos, Doni, & Balodis, 2018).…”

“…The professional range of the internal auditor's engagements is constantly being expanded. The transition from the past to the present audit terminology depicts the new orientation lines; from correction to prevention, from accounting focus to organizational added value, collaborative attitude, holistic approach, comprehensive support and insightful advisory (G. Baltos et al, 2018). In general, a critical source of the auditing changes in discussion was that the international standards on auditors' responsibilities have lately placed the primary responsibility for corporate accountability on management, along with the need for adequate internal control systems and the interpretation of compliance as a prevention system.…”