Auditing Contracts: From Planning to Reporting
Course Background
This two-day course was designed for those interested in planning an effective audit of various contracts within
their organization. The course is appropriate for auditors (staff level to CAE) and non-auditors who wish to
know more about contract law and how to audit contracts.
This is an on-site course that will be delivered by a lawyer who is also a CIA! It will start with contract basics and
expand into complex areas of contract provisions. This session includes an exciting mix of lecture, group
discussion, breakout sessions, and complex problem solving.
Facilitator: James Scott Fargason
James Scott Fargason has an advanced law degree in International and
Comparative Law. He has been a member of the auditing and legal professions
for over 20 years. He has been retained as an expert in internal auditing,
including 5 court cases litigating issues of internal auditor and/or audit
committee performance.
Fargason has worked with a variety of reputable organizations including
Deloitte, Microsoft, Brunswick, Mercury Marine, General Motors, Chase,
Freddie Mac, Time Warner, the World Bank, IBM, and the Federal Reserve
Bank. He has conducted audit and legal related services in Rhode Island,
California, New York, Alabama, Texas, Louisiana, Minnesota, Alaska, Georgia,
Ohio, and Arizona. Fargason has lectured in Asia, Europe, the Middle East,
North America, and Latin America to professionals in his field.
Fargason has won 11 teaching awards and has published numerous works in
law and accounting. One of his works is the supplement for accountants to the
#1 selling textbook in Business Law by Westlaw Publishing. His works on
Auditing Legal Counsel and Improving Intellectual Property Management can
be found on Amazon. He has also written extensively on Audit Committee
Performance and Audit Committee Best Practices.
Fargason is the winner of the prestigious IIA Sawyer Award for his work on
Continuous Auditing which was presented at the IIA International Conference
in Buenos Aires, Argentina, resulting in a cash prize and a global IIA publication
on audit software best practices.
© The Institute of Internal Auditors, Inc.
DATE
Thursday, Sept 18th and
Friday, Sept 19th
LOCATION
DoubleTree by Hilton Regina
1975 Broad St, S4P 1Y2
Regina.DoubleTree.com
TIME
Registration: Thursday 7:45 am
8:00 am – 4:30 pm
Members and Non-members
IIA Members - $800
Non-members - $1000
REGISTRATION DEADLINE
Please register by
September 5th, 2014
PLEASE NOTE
Cancellations after
August 20th no refunds
- no exceptions –
In addition to the above, Professor Fargason has extensive university experience and has served on faculty at
three nationally known research universities. He currently serves as a full-time faculty member for the MBA
Program at LSU, and adjunct faculty at the LSU Law School. Over the years, he has taught a variety of subjects
including law, internal auditing, financial accounting, managerial accounting, external auditing, fraud auditing,
and cost accounting.
Course Outline
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Auditing Contracts - An Introduction
Planning the Audit of Contracts
Reviewing Contract Governance
Auditing Contract Formation
Examples of Contract Litigation
Top Contract Controls to Assess
Substantive Tests When Auditing Contracts
The Report
Litigation Involving Auditors and Accountants
Legal Cases Involving Audit Committees
IT Litigation and Audit Related Audit Concerns
IT Legal Methods for Protecting Electronic Data
Protecting Audit Workpapers
Auditing Intellectual Property
Top Controls for Intellectual Property
Workshop Summary
You will want to be here if...
You are involved in auditing, preparing, reviewing, authorizing or initiating contracts. This course will
be applicable, relevant and hands on to the local market.
The facilitator is open to receiving in advance  questions, areas of assistance and examples of
documents used by your organization to assist with preparation.
Note: organizational information will remain anonymous.
For details in this regard, contact the event organizer by email at amy.lunov@mnp.ca
Register
Now
© The Institute of Internal Auditors, Inc.