Impending audits strike fear into the hearts of CIOs and business executives – and for good reason. A failed audit can result in punitive fines and injunctions that disrupt continuing operations until violations are resolved. These highly visible failures are best prevented through auditor-enterprise collaboration and pragmatic audit management. Effective audit management means acting with kindness to establish an effective relationship and taking vigilant, calculated steps to reduce the risk of adverse findings.
- Clarify the audit scope
- Prepare documentation in advance
- Start off on a positive note
- Enable the auditor
- Manage audit logistics to minimize business disruption
- Dispute unwarranted findings
- Continuously improve your auditability
Don't view an audit as a necessary evil that must be endured. Focus not only on passing the audit, but also on maximizing audit value.
