Engagement
Contract compliance verification audit
A full clause-to-ledger review that tests whether financial obligations in your key agreements were met during a defined period.
Who this is for
Finance directors, general counsel, and procurement leads who need independent confirmation that counterparties — and internal teams — followed the payment, rebate, milestone, and settlement terms written into commercial contracts.
Result you receive
A signed engagement report mapping each in-scope clause to the ledger evidence (or the gap), with quantified exposures where amounts can be supported, and a prioritised list of follow-up actions for management or counsel.
Scope
Included
- Up to eight material agreements (or a mutually agreed contract set) for a defined review period
- Mapping of financial clauses: payment timing, volume rebates, liquidated amounts, milestone releases, retainage, and settlement offsets
- Sampling of invoices, credit notes, and bank remittances tied to those clauses
- Working papers and a management letter with findings ranked by financial impact
- One debrief session with your finance and legal stakeholders
Excluded
- Formal legal opinions on contract interpretation
- Full statutory financial statement audits under Companies Ordinance requirements
- Forensic investigation of suspected fraud (available only as a separate engagement if warranted)
- Continuous monitoring after the report date
Provider and approach
Engagements are led by a Digital Toolset audit manager based at our Kwai Chung office, with field work supported by two reviewers. We work from your contract repository and accounting extracts; we do not replace your external auditors for statutory sign-off.
Process
- Scoping call — confirm agreements, period, systems access, and conflicts check
- Document room — receive executed contracts, amendments, and payable/receivable extracts
- Clause mapping — extract financial obligations into a control sheet
- Ledger testing — sample and investigate exceptions
- Draft findings — factual clearance with your nominated contacts
- Final report — delivery and debrief
Timeline and location
Most engagements complete in four to eight weeks after a complete document room is available. Field work can be conducted at Kowloon Commerce Centre or through a secured remote folder, depending on sensitivity.
Preparation
Please nominate a single coordinator, provide executed PDFs (including schedules and side letters), and export AP/AR detail for the review period. Incomplete amendment files are the most common cause of delay.
Pricing basis
Fees start from HK$85,000 for a standard eight-contract set. Complex multi-entity groups or dense rebate schedules are quoted after scoping. A 30% booking deposit confirms the start week.
Next step
Request this audit with the contract count and review period. We reply within two business days with a draft engagement letter.
Ready to scope this engagement?
Tell us which contracts and ledgers need review. We reply within two business days with a proposed timeline.
Request this audit