Traditional Audits Don’t Deserve Premium Billing

Relevance empowers staff to do their best work because an audit isn’t reduced to checklists.

By Alan Anderson, CPA
Transforming Audit for the Future

If we can’t demonstrate to our clients that our work is relevant, then the audit will go the way of the dinosaur. Relevance underpins the other attributes.

MORE: Four Basic Understandings Every Auditor Must Master | Put the Ethics Code to Work for Your Clients and Your Firm | Turning Audit & Accounting into Assurance & Advisory | WANTED: Great Audit Mentors | Is Audit in Crisis Because of Definitions? | Stop Sending the Wrong Message to Audit Teams | Closing the Audit Expectations Gap
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Relevance is not a one-time event. It’s a continuous process woven through everything your firm does. You build it one step at a time. This should be done with every audit, so this becomes core to the fabric of the firm’s culture.