2021 - Process for Performing a Vendor/Contract Audit: What Should be Considered and How to Plan, Perform and Report Results of a Vendor Audit

Identify and collect essential pre-audit background information
A basic understanding of the most popular types of contract terms and conditions
The process of reviewing contracts to develop audit objectives
Turning audit objectives into audit steps and an audit program - Audit Planning
Reviewing the contract and putting together a "Contract Brief"
Fieldwork performed at the vendor's office - critical advantage to auditors
How to successfully identify and plan the vendor audit report to provide results to both management and the vendor.
Real life examples will be shared from the instructors' extensive background in this area.