Audit engagement
Procurement approval application audit
A full financial review of purchase applications against authority limits, cost codes, supporting quotes, and your stated approval policy.
Who this is for
Finance controllers, procurement leads, and internal audit coordinators who need an independent reading of purchase applications that have already moved — or are about to move — through an approval chain. Typical clients sit in manufacturing, professional services, and headquarters functions in the Seoul metropolitan area.
Result you receive
A written findings brief that lists each application reviewed, the financial and policy issues found, and a plain-language severity note. Supporting schedules sit in an appendix so your team can reopen the same documents we used.
Scope
Included
- Review of completed approval application forms and attached quotes or proposals
- Check of approval amounts against documented signature authority
- Mapping of cost classifications and budget codes to the stated purpose of spend
- Identification of missing or late approvals relative to commitment dates
- Summary of recurring patterns across the batch
Excluded
- Full statutory financial statement audit
- Vendor due-diligence investigations beyond what appears in the application file
- Negotiation with suppliers or rewriting of purchase orders
- Legal opinions on contract enforceability
How we work
- Scoping call to agree the batch size, period, and policy documents you will share
- Secure transfer of application packs and authority matrices
- Line-by-line financial reading by our audit team
- Clarification questions sent once, mid-engagement
- Delivery of the findings brief and a short walkthrough with your finance lead
Duration and place
Most engagements finish in ten to fifteen business days once documents arrive. Work can be completed from our Gangnam office with on-site sessions, or entirely through document exchange when travel is impractical.
Preparation
Please gather the approval policy (or equivalent memo), the current authority matrix, and the application files for the agreed period — including quotes, emails that substitute for forms, and any change orders tied to the same purchase.
Constraints
We review what is in the file. If an approval happened verbally and left no record, we will note the gap rather than invent the missing trail. Batches larger than forty applications are split into phased deliveries.
Fee
Engagements of this type typically start at ₩4,800,000, adjusted for volume, language mix (Korean / English packs), and whether on-site walkthroughs are required. A fixed quote follows the scoping call.
Next step
Request this audit and tell us how many applications sit in the batch and which quarter they cover.