Contract Auditing

Contract auditing is the process of carefully reviewing and verifying the terms, conditions, and execution of a contract to ensure all parties adhere to agreed-upon obligations. It involves examining documents, transactions, and compliance against the contract’s provisions, often using specific standards or regulations. The goal is to identify discrepancies, ensure accuracy, prevent fraud, and assess performance. This process helps organizations manage risks, uphold contractual integrity, and make informed decisions based on the findings, ultimately fostering trust and accountability between involved parties.