ONLINE SELF-STUDY

Auditing for Vendor Fraud

Image of a man on a laptop
Course Level
Intermediate
Delivered via
Online
CPE
4 Credits

Description

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

Prerequisites

Fundamental knowledge of audit procedures

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

CPE Information

CPE Credit: 4
NASBA Information: Auditing
Advanced Preparation: None
Last Updated: March 2022
Delivery Method: QAS Self-Study

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CPE Credit

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.

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System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

 

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/

 

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