Format: On-demand
Auditing for Vendor Fraud will help you to understand what measures can be taken to minimize this risk and prevent and detect vendor fraud. This course examines why vendor audits should be conducted and discusses the importance of right-to-audit clauses in vendor contracts. Examples of vendor fraud schemes both internal and external to an organization are also explored. In addition, the process for conducting vendor audits is outlined including preparing for the audit, gathering data, performing audit tests and executing post-audit activities.
Learning Objectives
You will learn how to:
- Discern 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.
- Distinguish vendor fraud schemes and related red flags.
- Recall the process by which to conduct effective vendor audits.