Checklist: 10 Ways The Financial Statement Audit Experience Goes Wrong
Skilled auditors typically spend a significant amount of time reviewing controls and challenging calculations for accounting estimates, as the high level of subjectivity and management judgment are more subject to misstatement or disclosure errors. Without a sufficient level of process and controls over accounting estimates, companies could face a difficult time during and even after the external audit process. Companies who have not adequately prepared for the audit can sometimes feel like their day could be better.
Want to improve your audit experience? We have developed a short 10 point audit checklisttitled "10 Reasons Your Financial Statement Audit Experience Goes Wrong" which mentions some of the following points that should be under the control of company management:
- Uninspired company preparation
- Scant documentation of controls and processes
- Inadequate communication regarding company expectations
- and More!
To get started improving your financial statement audit experience, please download the Checklist: "10 Reasons Your Financial Statement Audit Experience Goes Wrong" by filling out the form.