An accounts payable recovery audit is the process of identifying, documenting, and recovering overpayments and open credits that occur in the accounts payable process. These result from numerous errors that exist in the payables process of every large organization.
A contract compliance recovery audit is the process of identifying and recovering overbillings that stem from supplier non-compliance with agreed-upon contractual terms. Typically, contract compliance recovery audits are performed on indirect and/or non-merchandise suppliers.
A construction audit is a review of the various components of a construction project or projects focused on ensuring that contract terms are being followed and that contractors and/or subcontractors are operating appropriately.
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