In the third of a series of articles on improving audit files, Technical Consultant Andrew Paul considers ways to maintain standards in the final stages.
Experience tells us that no matter how good the intentions when preparing the audit budget, often, by the time the completion phase of the assignment is reached, time is tight, the deadline is looming, procedures can be rushed and the quality compromised. So, this article looks at some of the areas where the completion of the audit can be improved.
For a lot of us, when we started out on our journey as chartered accountants, calling and casting the accounts was a regular part of our work. The advent of digital accounts production may have made this task seem less relevant, but I would suggest that there is still an important check to be done here.