Is audit wrap-up a “black hole” of time in your firm? If so, most current audit processes rest on the “hope” of completing the audit timely rather than by design. This session will discuss changes to the audit process to improve your audit workflow. We will discuss the typical roadblocks impacting a firm’s workflow that impact the auditor’s ability to complete the audit on time. The session will then draw a parallel between improved workflow and efficiency in the audit process. At the conclusion of the session, the attendee will obtain some immediately implementable solutions that will result in improved workflow resulting in enhanced efficiency allowing greater capacity with your firm to serve additional clients.
Overview of the Audit Process to make a distinction between audit process of workflow versus audit procedures performed
Common Roadblocks in the Audit Process
Workflow Linkage to the 4 Basic Audit Steps Planning Fieldwork Wrap-up Delivery
Implementable Suggestions for Workflow Improvements