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Does your organization have an established contractual right to audit in your purchasing and vendor
contracts? Auditing vendors and suppliers is critical to deterring and detecting fraud. Doing so ensures
that your organization is treated equitably and does not become a victim of fraud.
This course will help you develop a solid foundation for vendor audits. This includes crucial information
on recognizing common vendor fraud schemes; identifying which vendors to target; preparing for a
vendor audit; and learning how to identify, gather and audit relevant vendor documentation.
Familiarity with the contract and procurement process.
You Will Learn How To:
Ensure that contract language supports future audits.
Assess the strength of current vendor contracts and audit clause language.
Identify and select good candidates for vendor audits.
Recognize key parties affected by the vendor audit and obtain their support for the audit process.
Identify and collect essential pre-audit background information.
Determine and request supporting documentation for audit.
Apply the most effective audit tests to detect potential fraud.
Recognize the types of fraud and related red flags that might be uncovered during a vendor audit.
Respond to identified vendor fraud warning signs.
Credit by Field of Study
Registration & Fees
ACFE Members: $415
Early Registration Deadline: March 20, 2024 Register by the Early Registration Deadline to SAVE $100!
Discover the importance of precise contract language, how it supports future audits and how to craft an effective audit clause. You will also review the types of contracts and audit challenges associated with each.
Learn the importance of routinely exercising vendor audit rights and different ways to determine which vendors to audit, such as by amount spent, number of invoices or identified outliers, as well as the pros and cons of using each method.
In this session, you will examine ways to clearly define the type of audit you will perform and use that to focus the audit plan and outline the expected procedures. You’ll learn how to develop management support for the audit, determine the necessary audit resources, collect pre-audit background information and more.
Determine the most effective ways to request and gather documents, understand the types of vendor data that are relevant for the audit, and learn numerous audit tests designed to detect red flags of corruption, billing schemes and other forms of vendor fraud and abuse.
This section presents examples of the broad range of vendor fraud, such as schemes involving manipulation of labor, employee travel, materials, equipment and contract rates. Learn to identify the warning signs of common vendor frauds so you can more effectively uncover them.
Jeff Matthews, CFE - Speaker
Payment must be received by March 20, 2024 to receive early registration discount.
Event Cancellation Policy
Our cancellation policy is intended to keep costs low for attendees. Due to financial obligations incurred by ACFE, Inc., you must cancel your registration prior to the start of the event. Cancellations received less than 14 calendar days prior to an event start date are subject to a $100 administrative fee. No refunds or credits will be given for cancellations received on or after the start date of the event. Those who do not cancel and do not attend are responsible for the full registration fee. Should an event be cancelled or postponed by the ACFE due to unforeseen circumstances, the ACFE will process a full refund of registration fees within 30 days of such circumstances becoming known. The ACFE will attempt to notify affected customers by phone and email after it determines cancellation is necessary.
ACFE events are unmatched in scope and effectiveness and backed by our unconditional satisfaction guarantee. If you attend an ACFE event and are not completely satisfied, please contact an ACFE Member Services Representative at MemberServices@ACFE.com or call (800) 245-3321 / +1 (512) 478-9000.
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.