Vendor Management has become an important topic for auditors in the last three years because significant amounts are often spent without proper oversight and management. This typically results in organizations spending more than necessary while relying on vendors whose quality and practices may be inconsistent with your expectations.
This seminar addresses the risks related to vendor screening and performance, and the best techniques to monitor them. Identifying issues is certainly important, but it is also essential to avoid engaging questionable vendors so this seminar provides techniques to prevent this problematic condition. Participants will examine the objectives, risks and controls specific to this process, and through discussions, exercises and a case study practice what is learned.
Don’t wait until a costly issue surfaces requiring investigation and remediation. Learn how to audit this high-risk process effectively, save your company money, prevent reputation damage, and avoid the problematic conditions that poor vendor contracting lead to.