Unlocking Value Through Strategic Contract Audits
In the July/August Fraud Magazine, Sacha Ratnarajah, CFE, CPA, illustrates how contract audits can serve as powerful tools for strengthening financial stewardship and enhancing operational clarity. By following a structured six-step process, auditors can align contracts with financial records, identify opportunities for cost recovery, and promote greater transparency. The article showcases how thoughtful analysis, not just of what was spent, but how and why, can lead to more efficient practices and more informed decision-making. Contract audits, when used proactively, not only ensure compliance but also help organizations maximize the impact of their resources.