Contract audits pile up. Compliance gaps hide in spreadsheets. You need a system that tracks every clause, signature, and documentation requirement without the chaos.
Coefficient’s free Contract Management Audit Template gives you a structured framework to assess contract compliance, identify risks, and maintain audit trails—all in Google Sheets or Excel.
What is a Contract Management Audit?
A contract management audit is a systematic review of your organization’s contracts to verify compliance with internal policies, regulatory requirements, and contractual obligations. It examines everything from signature verification and approval processes to clause consistency and insurance documentation. Regular audits help you catch unauthorized modifications, identify missing documentation, and ensure your contracts meet legal and business standards. Think of it as a health check for your entire contract portfolio—one that protects you from costly compliance failures and operational risks.
Benefits of Using a Contract Management Audit Template
Standardize your audit process Stop reinventing the wheel for every contract review. This template provides a consistent framework that ensures you check the same compliance points every time. Your team follows the same methodology, which means more reliable results and easier comparison across contracts.
Catch compliance issues before they become problems Track regulatory adherence, clause consistency, and approval process compliance in one place. You’ll spot patterns in missing documentation or unauthorized modifications that might otherwise slip through the cracks. Early detection saves you from penalties, legal disputes, and damaged relationships.
Document findings with clarity Record audit findings, corrective actions, and compliance scores in a structured format. When regulators ask questions or leadership needs visibility, you have a clear audit trail. No more digging through emails or trying to remember what you found three months ago.
Speed up audit cycles A pre-built template eliminates setup time. You focus on the actual audit work—reviewing contracts and assessing compliance—instead of building tracking systems. Complete more audits in less time without sacrificing thoroughness.
Create accountability Assign auditors, track audit dates, and document who verified what. When everyone knows their responsibilities and you have a record of who reviewed each contract, accountability becomes automatic. Your team takes ownership of compliance.
Metrics Tracked in the Template
This template helps you monitor the critical elements of contract compliance:
- Audit Date – When the contract review was conducted
- Auditor Name – Who performed the audit
- Contract Compliance Status – Overall compliance assessment
- Regulatory Adherence – Alignment with applicable regulations
- Clause Consistency – Whether contract terms match standards
- Missing Documentation – Gaps in required paperwork
- Unauthorized Modifications – Changes made without proper approval
- Approval Process Compliance – Whether proper authorization was obtained
- Signature Verification – Confirmation of valid signatures
- Insurance Verification – Proof of required insurance coverage
- License Verification – Validation of necessary licenses
- Audit Findings – Detailed observations from the review
- Corrective Actions – Steps needed to address issues
- Audit Score – Quantified compliance rating
Get Started with Your Contract Management Audit Template
Download Coefficient’s free Contract Management Audit Template for Google Sheets or Excel. Set up your audit framework in minutes and start identifying compliance gaps today.
Your contracts deserve better oversight. This template makes it happen.
