Contract & vendor agreement review
A contract compliance audit verifies that the agreement is actually being followed.
Get an independent read on whether your agreements are being followed and your revenue protected before a discrepancy compounds. We test the contract against what is actually happening and quantify the gap.
- Audit-only focus
- GAAP & IFRS expertise
- Senior auditor on every engagement
- Transparent, predictable pricing
4.8/5 across 1,331+ reviews
Why Contract Compliance Audits Matter
Most businesses sign contracts assuming both parties will follow the agreement exactly as written. Complex pricing schedules, rebate provisions, royalty calculations, service-level requirements, and revenue-sharing arrangements drift over time as personnel change, systems migrate, and operations grow.
The gap between what the contract requires and what actually happens is where money is lost. It rarely shows up as an obvious accounting error, which is why many organizations discover it only after substantial amounts have been overpaid, underpaid, or left uncollected.
Who a Contract Compliance audit is for
A good fit if you:
- Pay or receive royalties, rebates, or revenue-sharing under contract.
- Manage vendor, licensing, or distribution agreements at scale.
- Are a franchisor or franchisee relying on contractual pricing.
- Hold government contracts with pricing and reporting obligations.
- Suspect a pricing formula, rebate, or report has drifted from the agreement.
Whether the agreement is one large contract or a portfolio of them, the engagement is scoped to where the financial risk sits.
Where it breaks down
Where contract compliance breaks down
Incorrect Pricing Calculations
Outdated pricing schedules or unapplied discounts and adjustments that accumulate into substantial amounts over time.
Reporting Errors
Inaccurate reporting of sales, usage, or production volumes that directly drives underpayments and overpayments.
Missed Rebates and Credits
Unclaimed rebates and revenue-sharing calculations that do not align with the contract, usually because oversight is split across departments.
Unimplemented Amendments
Terms that change operationally but never make it into the accounting systems.
Talk to a CPA about a contract
If a contract represents real money and you are not certain it is being administered correctly, reach out.
We will tell you where the exposure sits and what it takes to recover or close it. No obligation, and handled by a professional.
What we review
What a Contract Compliance audit reviews
Contract Provisions
The agreement is read first, to identify the terms that create financial or operational risk.
Transactions and Payments
Invoices, payment calculations, and supporting records tested against the contract terms.
System Reports
System-generated reports and communications between parties reviewed for accuracy.
Internal Controls
The controls around contract administration, so terms are applied consistently and amendments are caught early.
How it works
How our Contract Compliance audit process works
- 01Step 1
Initial Consultation
We review the contract structure, the business relationship, and your primary compliance concerns.
- 02Step 2
Contract Analysis
We identify the key financial provisions, reporting obligations, and performance requirements.
- 03Step 3
Data and Document Collection
Relevant transactions, invoices, reports, and supporting records are gathered for testing.
- 04Step 4
Compliance Testing
We compare contractual requirements against actual financial and operational activity.
- 05Step 5
Findings and Recommendations
Discrepancies, control weaknesses, and financial impacts are documented.
- 06Step 6
Final Report
You receive a clear report that supports management decisions, negotiations, dispute resolution, or litigation if needed.
Why a CPA firm
Why a Contract Compliance audit needs a CPA firm
Three disciplines at once
Contract compliance sits where financial data, operational processes, and contractual language meet. Reading one without the others misses the exposure.
Independent and defensible
Findings are documented to support a negotiation, a dispute, or litigation, not just an internal note.
Peer-reviewed work
We are an AICPA peer-reviewed firm, so the review you receive has itself been reviewed.
Recovery, not just findings
The same review that surfaces a problem often recovers underpayments, overpayments, and missed contractual entitlements.
Why choose Dimov Audit
Why organizations choose Dimov Audit
Independent contract compliance reviews that surface discrepancies and recover money — supported by hundreds of audit and attestation engagements across every state.
500+
audit and attestation engagements
50
states served, nationwide coverage
AICPA
peer-reviewed firm
CPA
licensed independent opinion
Scoping
What affects the cost of a Contract Compliance audit
Contract compliance work is priced by the engagement, not a flat rate.
We size the work against your situation and give you a clear quote before you commit.
Contact
Connect with Dimov Audit
Our dedicated team is ready to assist you on your path to financial success.
211 E 43rd St Suite 628
New York, NY 10017
United States
Contract compliance audit FAQs
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At Dimov Audit, we pride ourselves in quick communication, accurate work, and seamless delivery.