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Auditor Angst Want faster, cheaper audits? Your auditor humbly suggests you avoid last-minute data dumps and other less-than-helpful practices.

Alix Stuart, CFO Magazine
May 1, 2008

Plan, plan, plan

Being prepared for the audit should not require a pre-audit but the reality of the business world is that it frequently does. Throughout the year, companies should be thinking about the audit. Large companies accomplish this by having the auditors on site all the time. Smaller companies, however, may not be able to afford that.

It is cheaper and more satisfying to be prepared for the audit. We have seen over and over that companies which make an investment in preparing for audits get the rewards by going through shorter audits, obtaining better results and enjoying better relationships with their auditors.

Do your homework in advance. Be ready.

Posted by Felix Ramirez | May 6, 2008 2:00 PM ET