Auditing for Vendor Fraud (Online Self-Study)

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


Auditing for Vendor Fraud will help you understand what measures you and your organization can take to prevent and detect vendor fraud. It examines why vendor audits should be conducted and discusses the importance of right-to-audit clauses in vendor contracts. You will explore examples of internal and external vendor fraud schemes, as well as the process for conducting vendor audits, including preparing for the audit, gathering data, performing audit tests and executing post-audit activities.  


Key Takeaways: 

  • Proper process for conducting vendor audits 
  • Red flags related to vendor fraud schemes 
  • How effective right-to-audit clauses can be crucial to vendor contracts 
  • Risks associated with working with vendors 

Preview Course

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CPE Information:

You Will Learn How To: 

  • Examine 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 for conducting effective vendor audits 





Table of Contents:

  • Lesson 1: Why Conduct Vendor 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
  • Lesson 9: Common Vendor Selection Techniques
  • Lesson 10: Other Vendor Selection Techniques
  • 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

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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.