Fraud Risk Assessment of South Carolina’s Statewide Procurement System

Abstract

The Statewide Procurement System is the single function of state government woven into all agencies with the design to ensure effective use of taxpayer funds, to include preventing waste and fraud. This review provides the public an understanding and the appropriate level of assurance of the fraud risk in the Statewide Procurement System. Additionally, this review provides a firm foundation for the Budget and Control Board and agencies oversight when deploying finite audit resources in providing assurance testing in the Statewide Procurement System.