Auditing for Vendor Fraud (Online Self-Study)

Auditing for Vendor Fraud

CPE Credit: 4
Course Level: Intermediate
Prerequisite: Fundamental knowledge of audit procedures



Auditing for Vendor Fraud will help you to understand what measures can be taken to minimize this risk and prevent and detect vendor fraud. This course examines why vendor audits should be conducted and discusses the importance of right-to-audit clauses in vendor contracts. Examples of vendor fraud schemes both internal and external to an organization are also explored. In addition, the process for conducting vendor audits is outlined including preparing for the audit, gathering data, performing audit tests and executing post-audit activities.


You Will Learn How To:

Assess the need for vendor fraud audits

Identify the risks that can result from working with vendors

Recognize the importance of effective right-to-audit clauses in vendor contracts

Identify vendor fraud schemes and related red flags

Examine the process by which to conduct effective vendor audits


Preview Course 


Field of study: Auditing

Last updated: May 2016


ACFE Ordering and Return Policy 


Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once. 


Table of Contents: 


Part I: Vendor Fraud

Lesson 1: Why Conduct Vendor Fraud Audits?

Lesson 2: Understanding Vendor Risks

Lesson 3: Types of Vendor Contracts

Lesson 4: Effective Contract Language

Lesson 5: Right-to-Audit Clauses

Lesson 6: Internal and External Vendor Audits

Lesson 7: Vendor Fraud Schemes Involving Internal Staff

Lesson 8: Other Vendor Fraud Schemes

Part II: Selecting Vendors

Lesson 9: Common Vendor Selection Techniques

Lesson 10: Other Vendor Selection Techniques

Part III: Conducting the Vendor Audit

Lesson 11: Obtaining Pre-Audit Support

Lesson 12: Notifying the Vendor

Lesson 13: Preparing for the Vendor Fraud Audit

Lesson 14: Understanding the Process, Data, and Players

Lesson 15: Requesting Access to Vendor Data

Lesson 16: Gathering Vendor Data

Lesson 17: Testing and Analyzing the Data

Lesson 18: Red Flags in a Vendor Audit

Lesson 19: Reporting Findings

Lesson 20: Management’s Response to Audit Findings

Lesson 21: Recovering Funds

ACFE online self-study courses feature:

24/7 access to courses through your Internet browser
Save time and quickly earn CPE credits with instant access, grading and printable certificate
The flexibility to start or stop a course and pick-up right where you left off
No additional shipping fees 

Learn more about accessing your online self-study course.

Learn more about online self-study courses and their features.


System requirements:


Internet access: High-speed connection recommended

Free Adobe Flash Player 

Speakers required for video sound

Online Self-Study Troubleshooting Guide:

Problem: When I attempt to access my courses from “My Online Learning,” the course never launches, or I receive an error message saying my pop-up blocker needs to be turned off.

Solution: Your web browser must be configured to allow pop-ups in order to access ACFE Self-Study courses. Your browser may prompt you to allow pop-ups, or you may have to allow them manually. You may either allow them for all sites, or allow them just for the current site.

For information on how to manage your pop-up blocker settings in a specific browser, click the link below that corresponds to the browser you are using:

  Internet Explorer
  Google Chrome

Also note that many toolbars, such as the Google Toolbar and Yahoo! include pop-up blockers as well. If you have one or more toolbars installed on your browser with built-in pop-up blockers, you must configure them to allow pop-ups.

Problem: When I click on a course from “My Online Learning,” I am presented with a login page, but my username and password won’t allow me to log in.

Solution: You do not have to log in a second time to access your online self-study. You most likely reached the login page because you clicked the link labeled “Click Here” as shown below:


  Online SS Image Absorb Error 


Do not click that link; instead, allow your browser to automatically open the eLearning window on its own, which should happen after a few seconds. This will log you in automatically so that you can access your online courses.


Problem: I receive the following error when I try to load a different lesson with a course:


  SS Online API Error 


Solution: This occurs in Internet Explorer when trying to load a different lesson without closing the current lesson. This error can be avoided two different ways:


Always close the current lesson before going to another one. Always click the Close Window button (usually the red “X” in the upper right corner) of the current lesson before clicking on another lesson.

Use a different browser. This error seems to only occur in Internet Explorer, so using Mozilla Firefox or Google Chrome should resolve the issue (see below for links to download either of these browsers).

Other Troubleshooting Tips: If you encounter other errors, such as courses freezing or crashing, we recommend taking the following action:

Try a different browser. ACFE online self-study courses are designed to run on all modern web browsers, but if you encounter a problem that is not solved using one of the suggestions above, you can try using a different web browser to see if it eliminates the problem. We have most frequently seen where using Mozilla Firefox or Google Chrome has resolved an issue that was seen in Internet Explorer.

Mozilla Firefox can be downloaded here
Google Chrome can be downloaded here 


Make sure you are running the latest version of Flash. Go to to see what version of Flash you are running, and then compare that to the table on that page to see what the latest version is for your operating system/browser combination. If you are not running the newest version, you should upgrade and see if that resolves the problem.