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متابعة

Can you list three drawbacks to audit rotation?

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تم إضافة السؤال من قبل Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
تاريخ النشر: 2016/09/01
Wilfredo Quito
من قبل Wilfredo Quito , Accounting Manager , DDC LAND INC.

If an audit firm is familiar with an organization, it knows what reports to ask for and where to get them. It also learns the company’s terminology, which streamlines the audit process. Auditors can be more effective after they’ve gone through a couple of audit cycles because they have institutional knowledge.

 

If an audit firm is familiar with an organization, it knows what reports to ask for and where to get them. It also learns the company’s terminology, which streamlines the audit process. Auditors can be more effective after they’ve gone through a couple of audit cycles because they have institutional knowledge. Although switching to another firm may cost less upfront, in the long run, you might experience the indirect cost of your time or more specifically, the extra time you’ll have to spend training the new firm and familiarizing them with your operations

 

 

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟