Why Does It Take so Long to Do an Audit?

Even when done properly and quickly, audits drain time away from your team and often cause a lot of stress among those working on it. The question on everyone’s mind is “How can we get this done faster?” The answer: by mastering communication skills and being timely with every step of the process.

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“Not My Responsibility!”

It’s the classic bureaucratic run-around: “That’s not my job. Go see someone else.” The same frustration that plagues anyone who walks into the BMV also exists in our companies when employees seek to do the bare minimum of their job description, rather than serve others well.

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What Happens During Final Audit Testing?

The final phase of an audit is what guarantees the assurance sought by the entire process: it’s when the auditors involved actually test the year-end amounts and balances. It’s also a period of intense communication, and requires cooperation and open communication from everyone involved.

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Experienced Errors

No matter how long you’ve been doing your job, or how well-qualified you are for your responsibilities, there’s always room for error. LaTesha discovered this on a recent trip to a client who has always been reliable, yet made an elementary mistake.

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What Happens During Preliminary Testing?

The preliminary phase of an audit teaches us about our client’s major changes throughout the year, what kinds of internal controls they use, and what strategies we may need to implement during the audit itself. This knowledge isn’t just helpful, it’s necessary to make the audit process smooth, simple, and stress-free.

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