Benefits to Auditors
  • No rescheduling or reshuffling of staff because of inadequate preparation by clients.
  • Having a complete client package at the beginning of each engagement with memos addressing all difficult technical accounting issues.
  • The elimination of most, if not all, proposed adjusting journal entries.
  • Reduction of independence issues.
  • Staying within budget parameters and obtaining an increase in realization.
  • Reduction of frustrating last-minute, time-consuming issues.