FAQ
Frequently Asked Questions
What is the expected duration of an audit?
The audits we perform are completed within approximately 12 weeks.
What actions are needed from the client?
Provide vendor data/spend details (& full transaction detail or review-only system logon if possible), review proposed vendor list, review recovery claims as they are submitted & enter correcting transactions in your system, review audit summary details and process improvement recommendations.
Do you use artificial intelligence (AI) as part of your audit process?
No. There are hundreds of different vendor statement formats, and all of them can’t be programmed into AI tools. AI saves time for audit firms, but it doesn’t improve the audit results for your company.
Do you use junior audit or temporary staff to perform the audit work?
This is the approach used by many larger audit firms. The problem is that junior / temp staff will be less experienced & may overlook some types of situations that they have not encountered in the past. If a potential recovery item is not flagged for follow-up by the junior resource, then the item in question will not be recovered (& the knowledge of the senior audit staff will be wasted).
Is the audit team located in the UK?
Yes. Most large audit companies have their staff located in India, Costa Rica or Nepal. We are 100% local.