Procurement processes have a direct impact on financial reporting. Therefore, effective procurement internal controls are required to support a company’s efforts to achieve compliance with Sarbanes-Oxley by helping to create reliable financial reports. The source of the attached report is a webinar sponsored by Protiviti and Ariba on the subject of Sarbanes-Oxley and procurement. The report describes the most common deficiencies in the procurement control environment. It also lists questions companies should ask themselves to analyze procurement risk, and describes a Enterprise Spend Management Process that can help both compliance and performance.