{"id":116044,"date":"2023-08-30t11:56:33","date_gmt":"2023-08-30t15:56:33","guid":{"rendered":"\/\/www.g005e.com\/?p=116044"},"modified":"2024-08-27t17:01:22","modified_gmt":"2024-08-27t21:01:22","slug":"stop-sending-the-wrong-message-to-audit-teams","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/08\/30\/stop-sending-the-wrong-message-to-audit-teams\/","title":{"rendered":"stop sending the wrong message to audit teams"},"content":{"rendered":"

\"\"<\/p>\n

audit is becoming further commodified.\u00a0<\/strong><\/p>\n

by alan anderson
\ntransforming audit for the future<\/em><\/p>\n

instant download:<\/strong><\/span>
\nthe new manifesto for accountants.<\/span>“<\/a><\/em><\/p>\n

the value of what we provide to clients has declined until it has become a commodity. that, in turn, drives our fees down.<\/p>\n

the lack of innovation means that our clients can\u2019t tell the difference between the audit we do and one done by the firm down the street. none of them provide relevant information or any value to our clients.<\/p>\n

more: <\/b>three fundamental questions to ask in audit<\/a> | how auditors can beat ai<\/a> | the big issues in audit: frustration, inconsistency and technology<\/a> |\u00a0five ways to increase audit efficiency<\/a> | early adopters gain an edge in audit<\/a> |\u00a0talent retention: five tips for an audit adjustment<\/a> |\u00a0six benefits of an internal audit<\/a>\u00a0|\u00a0the ten financial controls that\u2019ll make you a hero<\/a>\u00a0|\u00a0five cash reports you can\u2019t live without<\/a>\u00a0|\u00a0when an audit is a great thing<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span>
log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

if our clients don’t see the value, then the audit is only being done to meet a regulatory or banking requirement, and in that case, the cheapest option that meets that basic requirement is the one they choose.<\/p>\n

<\/p>\n

it\u2019s not our clients who drive the commoditization of the audit. it\u2019s our failure to provide any kind of value.<\/p>\n

we participate in that commoditization every time we lower our fees when we\u2019re under a little fee pressure from our clients. quite often, whether you are aware of this or not, you probably haven’t delivered anything more than 24 pages with an audit report on it.<\/p>\n

we also drive commoditization when we rely on checklists and saly for our audit programs. if i fill out enough checklists, i certainly must have done an audit. when audit staff have a better memory of the number of pages in their checklists than the bottom line for their last audit, that\u2019s a clear sign that we\u2019re sending the wrong message to our teams.<\/p>\n

if we want to change that, it\u2019s up to us to make that happen.<\/p>\n

the downward trend in fees means that audit firms need to rely on volume, not quality. but because most firms are atrocious in managing workflow, the emphasis on volume means marathon work weeks for our staff. firms aren\u2019t operating at capacity \u2013 they\u2019re operating beyond reasonable capacity. while it may still be a badge of honor in the big four to see who can log the most billable hours, generational changes in the workforce and scarcity of talent means that\u2019s no longer a reasonable way to run a firm.<\/p>\n","protected":false},"excerpt":{"rendered":"

audit is becoming further commodified.<\/strong>
\n
\"\"<\/a>
\nby alan anderson<\/em><\/p>\n","protected":false},"author":5075,"featured_media":116045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3925,3058,1905,2327,2274,3120,3002,1906,2246],"tags":[2394,4278,3958,4281,4283,3949],"class_list":["post-116044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-audit-assurance","category-client-accounting-services","category-clients-and-service","category-innovation","category-pricing","category-pro-member-exclusive","category-special","category-tax-practice","category-busy-season","tag-audit","tag-billing-rate","tag-cpa-billing-rates","tag-fee-structure","tag-pricing-rates","tag-transforming-audit-for-the-future"],"acf":[],"yoast_head":"\nstop 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