Contract Audit and Compliance Review (CON-033) Training Course

Contract Audit and Compliance Review

Contracts often promise value that is never fully delivered. Overcharging, incorrect rates, unapproved variations, missed service credits, unenforced obligations and…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,250Fees from

Course overview

Introduction

Contracts often promise value that is never fully delivered. Overcharging, incorrect rates, unapproved variations, missed service credits, unenforced obligations and non-compliance with contract terms can quietly erode the benefits that organisations expected when they signed. Contract audits provide independent assurance and frequently recover significant sums.

This Contract Audit and Compliance Review training course teaches participants how to plan and perform audits of contracts and contract management. Participants learn how to select contracts for review, understand contract terms and pricing mechanisms, test invoices and payments, verify delivery and performance, review variations and claims, assess contract management controls, use data analytics and report findings and recoveries.

The course is suitable for internal auditors, contract managers, procurement professionals and finance staff.

Course Objectives

By the end of this training course, participants will be able to:

Explain the purpose and benefits of contract audits
Select and prioritise contracts for audit based on risk
Analyse contract terms, pricing and obligations for audit testing
Test invoices and payments against contract terms
Verify delivery, performance and service level reporting
Review variations, claims and change control
Assess the effectiveness of contract management controls
Report findings, recoveries and improvement recommendations

Target Audience

This training course is suitable for a wide range of professionals, including:

Internal auditors and audit managers
Contract and commercial managers
Procurement professionals
Finance and accounts payable managers
Compliance professionals
Public sector auditors

Training Methodology

The course uses sample contracts, invoices, performance reports and payment data. Participants build an audit programme, test invoices against rates, recalculate service credits, analyse variations and use simple analytics to identify anomalies, before drafting findings and recovery reports.

Target Competencies

Contract risk assessment
Audit programme design
Invoice and payment testing
Performance verification
Contract management control review
Recovery reporting

Course outline

1Day One: Contract Audit Foundations

Why contract audits are needed and what they find
Types of contract audits and reviews
Audit rights and access to supplier records
Selecting contracts for audit based on risk
Working with contract managers and suppliers
Lessons from significant contract audit recoveries
Exercise: risk ranking a portfolio of contracts

2Day Two: Understanding Contract Terms for Audit

Reading contracts from an auditor's perspective
Pricing mechanisms and rate schedules
Indexation, discounts and rebates
Service levels, credits and deductions
Reporting and record keeping obligations
Building an audit programme from the contract
Workshop: designing an audit programme

3Day Three: Testing Payments and Performance

Invoice testing against contract rates
Verifying quantities and delivery evidence
Recalculating service credits and deductions
Testing expenses and pass-through costs
Open book audits and cost verification
Using analytics to detect duplicate and unusual payments
Exercise: testing a sample of invoices

4Day Four: Variations, Claims and Controls

Reviewing variations and change approvals
Assessing claims and settlements
Contract management governance and responsibilities
Controls over renewals, extensions and amendments
Supplier performance management processes
Conflict of interest and fraud risks in contracts
Case study: uncovering overcharging on a service contract

5Day Five: Reporting and Recovery

Evaluating and quantifying audit findings
Agreeing recoveries with suppliers
Writing contract audit reports for management
Recommending improvements to contract management
Following up on actions and recoveries
Building an ongoing contract assurance programme
Personal action plan for contract auditing

Frequently asked questions

How long is the Contract Audit and Compliance Review course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Contract Audit and Compliance Review course?

The next public date is 7 - 11 Dec 2026 in London. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in London, Barcelona, Frankfurt, Kuala Lumpur, Madrid, Munich, Paris, Rome, Amsterdam, Cape Town, Geneva, Istanbul.

Can I take Contract Audit and Compliance Review online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Contract Audit and Compliance Review

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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