Proper planning means your audit can provide much more than a client’s insurance.
By Alan Anderson, CPA
Transforming Audit for the Future
For more than a decade, I’ve been teaching firms around the country how to plan their audits so that relevance, businessmindedness and quality are built in from the beginning, not bolted on at the end. As I mentioned before, many firms rely on standard planning checklists, which result in, at best, a superficial understanding of the client.
MORE: Planning Lays the Foundation of Audit Relevance | How Do We Drive Relevance in Audit? | Lack of Relevance Drives Audit Commoditization | Four Basic Understandings Every Auditor Must Master | WANTED: Great Audit Mentors | Closing the Audit Expectations Gap
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Here are the essential elements for adding relevance in the planning stage:
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