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How to Reduce Audit Rework and Repeated Auditor Queries?

How to Reduce Audit Rework and Repeated Auditor Queries?

Reducing audit rework starts before fieldwork begins. Audit rework happens when finance teams resubmit schedules,…

CARO 2020 Internal Audit Clause, Checklist: What Auditors Need From Finance Teams

CARO 2020 Internal Audit Clause, Checklist: What Auditors Need From Finance Teams

When a statutory audit is coming up, most finance teams prepare for the usual things:…

Why Should CFOs Review Internal Audit Reports Every Quarter?

Why Should CFOs Review Internal Audit Reports Every Quarter?

Most internal audit reports in Indian companies follow the same journey.  The internal auditor submits…

What Is a PBC List for Audit? Meaning, Documents & Preparation Checklist

What Is a PBC List for Audit? Meaning, Documents & Preparation Checklist

You get an email from your auditor two weeks before fieldwork starts. Attached is a…

What Common Audit Documentation Mistakes Delay Statutory Audits in India, and How Do You Fix Them? 

What Common Audit Documentation Mistakes Delay Statutory Audits in India, and How Do You Fix Them? 

Does your statutory audit always seem to run past schedule, no matter how well the…

Top 15 Internal Audit KPIs to Improve Audit Quality and Business Performance

Top 15 Internal Audit KPIs to Improve Audit Quality and Business Performance

Every quarter, an internal audit team walks into the audit committee meeting with a report…

How to Reduce Audit Timelines: Documentation, PBC Lists, and Reconciliation Cadence 

How to Reduce Audit Timelines: Documentation, PBC Lists, and Reconciliation Cadence 

A statutory audit scoped for three weeks is now heading into its sixth.  Nobody did…

Statutory Audit Checklist For CFOs: What To Have Ready Before The Auditor Arrives

Statutory Audit Checklist For CFOs: What To Have Ready Before The Auditor Arrives

If your company’s statutory auditor is walking in next month, the real question is whether…

Audit Preparation for Startups: A Pre-Fieldwork Checklist for Newly Funded Companies 

Audit Preparation for Startups: A Pre-Fieldwork Checklist for Newly Funded Companies 

The majority of startups do not prioritise audit readiness until a funding round renders it…

CARO 2020 Explained: What Every Indian Company Must Report in FY 25-26

CARO 2020 Explained: What Every Indian Company Must Report in FY 25-26

If your company is due for a statutory audit this year, your auditor will almost…

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