Contract Audit

A contract audit is an examination of a company’s contractual obligations to ensure that they are being met. The purpose of a contract audit is to protect the company’s interests and to ensure that the terms of the contract are being met.

A contract audit may be conducted by an external auditor or by an internal auditor. The external auditor will review the contract and make recommendations to the company. The internal auditor will review the contract and make recommendations to management.

The scope of a contract audit may vary depending on the size and complexity of the contract. A simple contract audit may only involve a review of the contract itself. A more complex audit may involve interviews with employees, customers, and suppliers.

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