Important info about the event
Here are all the important info about Process for Performing a Vendor/Contract Audit.
| Category: | Events |
| Event Category: | Webinar |
| Event Type: | Education and Training |
| Starting Date: | Nov 22, 2023 (Wed) |
| Last Date: | Nov 22, 2023 (Wed) |
| Event Status: | Expired |
| Venue: | online |
| Event Add: | sheridan |
| City: | Sheridan |
| Country: | United States |
| Event link: | https://skillpreceptor.com/training/473/vendor-contract-audit-process |
Process for Performing a Vendor/Contract Audit
OVERVIEW
Conducting vendor or contract audits demands a specific skill set for comprehending the contractual terms and conditions between a company and an external vendor responsible for outsourced products or services. The initial phase of shaping audit objectives and procedures involves grasping the inherent risks associated with these contracts. The central focus of these audits revolves around evaluating the vendor's activities within the contract. Notably, a substantial portion of the audit fieldwork is typically conducted at the vendor's office, offering a significant advantage to the auditor.
WHY SHOULD YOU ATTEND?
With an increased focus on outsourcing services within organizations, awareness of contract terms and conditions and how to audit them are invaluable to organizations. Taking a proactive stance on performing vendor audits on contracts can result in real dollar savings to organizations, not to mention invaluable comfort to Management that outside vendors are performing in accordance with the terms and conditions of given contracts. This course will provide you with a basic understanding of different contract terms, different ways to determine the scope of the audit given contract terms and conditions, and how to plan, perform, and report the results of a vendor audit. Examples of templates will be provided for every step of the audit process.
LEARNING OBJECTIVES
To understand how to perform vendor/contract audits and start to finish instructions and templates on how to perform this type of audit given the risks involved in contracts.
AREAS COVERED
- 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.
WHO WILL BENEFIT
- Internal audit personnel involved in performing the annual risk assessment
- Internal audit management interested in performing a risk assessment
- Professionals responsible for performing risk assessment duties
- Risk/compliance officers from any industry
About speaker
Marna Steuart has been in the audit industry for over twenty years. Ms. Steuart began her career with a Big Four firm as an external auditor, then as an internal auditor in several different capacities within several different industries.
Ms. Steuart obtained her Certified Fraud Examiner license in 2007 and was the main fraud investigator for five years at a large utility company. She was responsible for performing and updating the fraud risk assessment on an annual basis and conducting over fifty internal fraud investigations during her time at this organization.
FAQs about Event
Let's now talk about some of the most frequently asked questions about Event. These questions are based on need of users.
What is the starting date of the event?
Event will start from Nov 22, 2023.
What is the last date of the event?
Event will end on Nov 22, 2023.
What is the address of the event?
Sheridan.
What is the event website?
You can check out more info about the event at https://skillpreceptor.com/training/473/vendor-contract-audit-process.
Event organizing country?
United States.
City Name of the event organizer?
Sheridan.
What is the area pin code of the event?
Area pin code for the event is 82801 .
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