Vendor Audits

Vendor Audits

Poole Audit offers top-notch Vendor Audit services, helping businesses maintain financial accuracy and ensure compliance with vendor contracts and agreements. Our comprehensive audit process is designed to identify any discrepancies, inefficiencies, or potential areas of improvement within your vendor relationships. With a deep understanding of financial intricacies and a commitment to delivering results, Poole Audit is the trusted partner to optimize your vendor management. Discover how our Vendor Audit services can enhance your financial operations and drive business success.

Whether you are a small business or a large corporation, our Vendor Audit services are tailored to meet your specific needs. Poole Audit combines extensive industry knowledge, advanced auditing techniques, and a client-centric approach to deliver outstanding results. Maximize your financial potential and mitigate risk with our Vendor Audit expertise.

Vendor Audit Process-

  • Initial meeting to establish risk evaluation for vendors/ internal departments and review:
  • Company and vendor background
  • Procurement processes
  • Scope of vendor work
  • Information received from vendor, or other entity being audited
  • Workpaper creation
  • Thorough examination of records to assess:
  • Time sheets, work tickets, and personnel billing
  • Day-to- day activities for compliance with HSE and other guidelines
  • Compliance with MSAs
  • Accurate chargeability
  • Risk level
  • Compilation of found issues
  • Final meeting with client and dissemination of report

Sample of Audit Results

  • Duplicate charges resulting in monetary exceptions issued for correction
  • Lack of formal timesheets
  • Inefficient staffing practices
  • Inefficient time recording
  • Fluctuating rates for routine services
  • Excessive hours billed
  • Lack of policies regarding entertainment
  • Conflicts of interest for the vendor in regards to personal relationships
  • Inaccurate coding processes

*This is a sample, not a complete list, of common issues uncovered by Poole Audit

Extra Value Add Services Provided by Poole Audit:

  • Tracking File Maintenance: We maintain a comprehensive tracking file for our clients, documenting all audit exceptions for easy reference and follow-up.
  • Credit Confirmation: We assist in confirming any granted credits, ensuring accurate accounting and financial transparency.
  • Post-Audit Support: Our services extend beyond the audit itself. We provide post-audit support, including resolution meetings and assistance with audit report rebuttals, to help resolve any outstanding issues effectively.

Contact Poole Audit today to schedule a consultation and discover how our Vendor Audit services can drive financial accuracy, compliance, and operational excellence within your organization.


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13030 Copeland Drive
Houston, Texas 77070

(346) 332-7648