The potential for fraud is not solely an internal threat; the businesses that provide an organization with goods and services can engage in fraudulent behavior as well. One of the ways to mitigate these external risks is to establish a contractual right-to-audit in purchasing and other vendor contracts. Auditing vendors and suppliers can be a critical fraud deterrent and detection device for management to ensure they are being treated equitably and are not victims of fraud.
The ACFE Detecting Fraud Through Vendor Audits seminar is a 1-day course designed to explain how to develop a solid foundation for vendor audits; how to identify which vendors to target; how to prepare for a vendor audit; how to identify, gather, and audit relevant vendor documentation; and what common vendor fraud schemes to look for.
8:00-9:20 a.m. CT Contract Terms and Conditions: The Foundation for Good Vendor Audits
9:20-9:35 a.m. CT Break
9:35-10:55 a.m. CT Identifying and Selecting Audit Candidates
10:55-11:10 a.m. CT Break
11:10 a.m.-12:30 p.m. CT Preparing for a Vendor Audit
12:30-1:30 p.m. CT Lunch
1:30-2:50 p.m. CT Auditing Vendor Documentation
2:50-3:05 p.m. CT Break
3:05-4:25 p.m. CT Finding Fraud in Vendor Audits
Jeff Matthews, CFE, CPA