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Vendor Audit

Format: ½ Day (4 Hours)

In this course you will learn the following:

  1. Overview of the vendor / compliance audit activity
  2. Risks in third party relationships
  3. Benefits of audit
    • Costs savings
    • Processes improvement
    • Risks mitigation
    • Relationships building
  4. Audit process
    • Identification criterion
    • Planning considerations
    • Execution approachReporting and follow up
  5. Key areas of focus
    • Contract Types
    • Contract risks and risk assessment
    • Audit approach
  6. Typical overcharges and their root cause
  7. Wrap up and summary of lessons learnt

Instructors:

Salman Yasin

Salman Yasin has over 19 years of experience in the Operational, Financial, and Compliance audits of all business segments that include Upstream, Downstream and Capital Projects of Oil and Gas industry.

Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company.  Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions."

Fee:

$300 +GST Members
$350 +GST Non-members

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