Guidelines for Performing a Vendor Audit with an emphasis on Construction A

OVERVIEW Vendor/Contract audits require a certain skill set to understand the terms and conditions of a contract between a Company and any given vendor where products or services are outsourced. Understanding the risks that are inherent within them is the first step in developing audit objectives and steps. The primary focus of the audit is the vendor (third party) activities pertinent to a contract. A majority of the fieldwork on these types of audits will likely be performed at the Vendor’s office and this is a significant advantage to the auditor. This course will spend some time discussing different contract terms and the risks associated with them, for example “Cost-Plus”, “Fixed Fee/Lump sum” and “Time and Materials”. We will discuss the proper breakdown in time spent on a typical vendor audit and where the focus of that effort should lie.

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


WHO WILL BENEFIT

This webinar will provide valuable assistance to all personnel in:

Internal Audit personnel involved in audits of third-party contracts
Internal Audit Management
Professionals responsible for performing third-party contract audits
Management concerned with vendor performance

For more details click on this link:
http://bit.ly/2ocGymL

You may also refer to this link:
https://www.trainingdoyens.com/product/50119-conflict-in-the-workplace
https://www.trainingdoyens.com/product/50101-human-error-prevention-techniques
https://www.trainingdoyens.com/product/50013-health-and-safety-training-in-the-workplace

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