Best Practices for Auditing Vendor Rebates
This audit program sample includes steps that can be used to understand and review an organization’s vendor rebate process.
Sample steps include: obtain and document an understanding of the accounting process and the vendor rebate program; document the methodology behind the inventory adjustments and assumptions used when booking the inventory adjustment; ask who is the appropriate level of management and describe the policies and procedures that management has in place to monitor compliance with terms of the vendor contracts; and discuss the audit with personnel and determine whether any areas require special attention.
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Accounts Payable RCM
Audit Programs
IT Vendor Management Audit Work Program
Audit Programs
