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.

Also In

Survive an Impending Audit

Razor thin margin for error, high stakes.

Related Content

Social

1 Download

Survive an Impending Audit Storyboard - Sample
OR
Get Instant Access
To unlock the full content, please fill out our simple form and receive instant access.
Visit our COVID-19 Resource Center and our Cost Management Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019