Vendor audits/contract compliance audit

Companies sometimes experience project or contract cost over runs that are difficult to explain. A comprehensive contract audit strategy can help you gain control of current problems and avoid concerns in the future.

Over the last few years, the complexity of contract language and relationships with vendors has increased. Managing the execution of contracts and subcontracts requires significant resources and experience to ensure an ongoing “win/win” balance with your suppliers.

There are two types of contract compliance audit that we can provide:

Control Audit: Typically performed in the early phase of a contract with a vendor, it gives the client an understanding of the Vendor systems, controls and supporting documentation being generated to support costs billed to the Client.
Recovery Audit: Audits executed toward the end of the contract may be considered “Recovery Audits”. The objectives of a recovery audit are to determine whether any Vendor charges are not valid, do not relate to the project, were duplicated and paid on a prior invoice or are overstated. It is important to execute this audit at a point where the Client still has leverage to collect any negotiated overpayment amounts from the Vendor. Future projects or contracts with the Vendor also provide opportunities for process improvement as well as negotiating recovery of overpayments.

GET IN TOUCH

Family name^*

First name^*

Company name^*

E-Mail^*

Confirm email^*

Message^*

How did you find us?^*

I accept that Mazars will process my personal data for the purpose of handling my request^*

I accept to receive further communications from Mazars^*

^* mandatory fields

Your personal data is collected by Mazars in Japan, the data controller, in accordance with applicable laws and regulations. Fields marked with an asterisk are required. If any required field is left blank, it will not be possible to process your request. Your personal data is collected for the purpose of processing your request.

You have a right to access, correct and erase your data, and a right to object to or limit the processing of your data. You also have a right to data portability and the right to provide guidance on what happens to your data after your death. Finally, you have the right to lodge a complaint with a supervisory authority and a right not to be the subject of a decision based exclusively on automated processing, including profiling, that produces legal effects concerning you or significantly affects you in a similar way.