Deliver More Audit Value by Getting Out of the Conference Room
Create deeper audit relevance by diving into your client’s business … in the actual business.
By Alan Anderson, CPA
Transforming Audit for the Future
Once your team understands the critical role planning plays in creating a foundation for audits and how that enables your team to have the mental bandwidth to deliver relevance, it’s time to focus on other ways to develop a relevance culture in your firm.
MORE: Know Your Three Audit W’s | Five Ways to Prevent Audit Bottlenecks | 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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At the planning stage, set out the expectation that everyone will add value to the audit by identifying areas where the client can improve. One way to do this is to assign each audit team member the task of interviewing someone outside of accounting who has something to do with their audit area. Have your team members ask this person these five questions and write up a summary of what they learned:
