Detecting Fraud Through Vendor Audits
Intermediate
Description
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.
- Learning how to identify, gather and audit relevant vendor documentation.
Prerequisites
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
CPE Information
| CPE Credit: | 8 |
|---|---|
| Advanced Preparation: | None |
| Delivery Method: | Group-Live |
Credit by Field of Study
| Auditing: | 8 |
|---|
Course Fees
Pricing varies by event location or format. Please view the individual event page for the most accurate pricing.
Policies
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, 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.
Satisfaction Guarantee
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.
Terms and Conditions
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.