In the 3rd of a sequence of posts on improving upon audit information, Technical Expert Andrew Paul considers techniques to retain expectations in the closing stages.
Knowledge tells us that no matter how superior the intentions when getting ready the audit budget, frequently, by the time the completion phase of the assignment is attained, time is restricted, the deadline is looming, techniques can be rushed and the good quality compromised. So, this write-up looks at some of the parts where by the completion of the audit can be improved.
For a whole lot of us, when we started out on our journey as chartered accountants, calling and casting the accounts was a normal element of our do the job. The advent of electronic accounts creation could have produced this job look a lot less applicable, but I would counsel that there is nonetheless an essential check to be accomplished below.