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

Event Details

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

Time: April 3, 2018 from 1pm to 2:30pm
Location: Training Doyens 26468 E Walker Dr,Aurora, Colorado
City/Town: Aurora
Website or Map: http://bit.ly/2oaBXRM
Phone: +1-720-996-1616
Event Type: webinar, :, cross, industry, function
Organized By: Training Doyens
Latest Activity: Feb 19

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Event Description

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”. 

WHY SHOULD YOU ATTEND

With an increased focus on outsourcing services within organizations, awareness of contract terms and conditions and how to audit them are invaluable to organizations. Taking a proactive stance on performing vendor audits on contracts can result  in real dollar savings to organizations, not to mention invaluable comfort to Management that outside vendors are performing in accordance with terms and conditions of given contracts. This course will provide you with a basic understanding of different contract terms, different ways to determine the scope of the audit given contract terms and conditions, how to plan, perform and report results of a vendor audit.  

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
  • How to successfully identify and plan the vendor audit report to provide results to both management and the vendor.
  • Real life examples will be shared from the instructors’ extensive background in this area.

LEARNING OBJECTIVES

To understand how to perform vendor/contract audits and start to finish instructions and templates on how to perform this type of audit given the risks involved in contracts.

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

SPEAKER

Marna Steuart has been in the audit industry for over twenty years.  Ms. Steuart began her career with a Big Four firm as an external auditor, then as an internal auditor in several different capacities within several different industries.  Ms. Steuart obtained her Certified Fraud Examiner license in 2007 and was the main fraud investigator for five years at a large utility company. 

For more details click on this link:

http://bit.ly/2oaBXRM

                

Ticket Price:

Live Webinar : $159

Recorded Webinar : $199

Training DVD or USB Flash Drive : $379

Super Combo Offer 1 : $289

Super Combo Offer 2 : $429

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