Contract Auditing: Soup to Nuts
The Institute of Internal Auditors Detroit Chapter is finishing off the
Chapter Year with a mini-seminar
Contracts and contracting are a way of life for all companies. We rely on third parties more than ever in areas such as consulting, technology, real estate, security, maintenance, construction, joint ventures, benefits administration and advertising. With this increased reliance has come increased exposure and internal audit must take an active role in auditing contracts to verify compliance and keep costs in check.
Objectives
- Understanding of the how to audit contracts and how to apply these learnings to create an effective work program
- General contract terms and leading practices
- How to write a Right to Audit clause
Agenda
1. Introduction
a. Understanding the Basic Contracting Process
b. Common issues in contracting and issues in auditing contracts
c. Introduction to Case Study |
2. Exposures and Opportunities
a. Key elements of the contracting process
b. Contract components – what and why
c. Exposures in contracting
d. Contract audit findings |
3. Basics of Contract Auditing
a. Contract audit objectives and strategy
b. Audit Planning and Assessing Risk
c. Developing a Contract Audit Program/Checklist |
4. Fraud Considerations of Contract Auditing
a. Key Areas of Fraud Risk
b. Fraud Detection |
5. Auditing Costs
a. What are relevant costs
b. Common cost exceptions and how to find them |
6. Leading Practices
a. Tools and Procedures
b. Leveraging technology in contract auditing
c. Building a Leading Practice Contract Template |
Day & Time |
Tuesday, May 21, 2019
8:30 AM – 4:30 PM |
Location |
Tapestry Banquets
24580 Evergreen
Southfield, MI 48075
248.722.1547 |
Cost |
$250 for 7 CPE credits and breakfast and lunch provided |
Please register by May 14, 2019. We hope to see you there!
Danny M. Goldberg, Founder – GoldSRD
Danny M. Goldberg is a well-known speaker on internal auditing and People-Centric Skills. Danny coauthored People-Centric© Skills: Communication and Interpersonal Skills for Internal Auditors, via Wiley Publications. This is the first book published specifically to address the wide-ranging topic of communication skills for internal auditors. It has been offered through the IIA and ISACA bookstores since July 2015 and has sold over 3,500 copies.
Danny has over 21 years of professional experience, including five years leading/building internal audit functions. Danny was named as one of the Fort Worth Business Press 40 Under 40 for 2014. He has published numerous articles in trade magazines, including:
• HFTP Journal: Practice Ethics (November 2014)
• The Audit Report (Critical Thoughts on Critical Thinking, June
2013) – Cover Article
• ISACA Journal (The Missing Piece: Optimized Interpersonal Skills,
Volume 3, 2012)
• Dallas Business Journal (The Yes Man Phenomenon, January 2011)
• Internal Auditor Articles (August 2007, December 2007, October 2010)
Danny is also accredited as the Professional Commentator of the Bureau of National Affairs - Internal
Audit: Fundamental Principles and Best Practices (Professional Commentator). This book is authored by renowned audit scholars Curtis C. Verschoor and Mort A. Dittenhofer (co-author of Sawyer’s Internal Auditing).
Mr. Goldberg has been recognized as a top speaker at numerous events over the past three years, including:
• Top Rated Speaker, 2016 ISACA CACS Conference
• 3rd Ranked Speaker, 2015 IIA All-Star Conference
• One of the Top-Rated Sessions, 2015 IIA GAM Conference
• 8th rated speaker – 2015 MISTI AuditWorld
Mr. Goldberg is a very active member of the Institute of Internal Auditors, both at a local and
national level. He is currently member of the Dallas IIA Board of Directors and a former member of the Fort Worth IIA Board (2014-17) and also serves as both the Dallas and Fort Worth IIA Chapter Programs Committee Co-Chair (Fort Worth for the past four years). Danny was also a member of the IIA North America Learning Solutions Committee in 2014.
Danny is a Certified Public Accountant, Certified Internal Auditor, Certified Information Systems
Auditor, Certified in the Governance of Enterprise Information Technology, Certified in Risk and
Information Systems Control, Certified in Risk Management Assurance, has obtained his certification in Control Self-Assessment and is a Chartered Global Management Accountant.
Click here to Register
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