While doing any business for either goods or services to any client there is one mutual understanding is necessary which called following the ethical practice while doing an audit. Ethical practice can be followed in the business by keeping the promises and highlight the errors to client which buyer or Accounts payable team missed while doing the transactions with client.

We do an Ethics Audit where we review the overall procurement to pay cycle and observe the errors which erroneously done by buyer however identified by the vendor and they have proactively reported such transactions or not.

Below are few of the transactions which we cover in supplier ethics audit and we do give the rating to such all vendors accordingly so client can consider such our feedback while doing contract renewal or negotiating for the contract.

• Duplicate Payment received
• Credit for return/rejected goods
• Numerical errors which lead to financial loss to the business
• Compliance audit clause followed actively
• Price Adjustment in case of Cost-plus contracts
• Discount Passed to the customers