Improving tools for conducting the audit

The COVID-19 pandemic expanded existing threats and created new risks for organizations to assess, so that entrepreneurs, in order to constantly seek additional assurance that their company's management, resources, and controls are being efficient, have sought even more assistance from auditing.

On the other hand, with the limitation of mobility and face-to-face meetings with their clients, to the professionals of auditing found added value in the benefits of going digital: agile feedback, greater involvement of stakeholders, and robust and centralized reporting. Many teams of auditing risk and compliance, for example, have found that remote audits are, in many ways, even more effective than being on site.

If your company has already adopted digital audits or is starting this journey, you need to continuously reevaluate priorities. It is recommended to assess, for example, as often as the conditions require, how the pandemic is affecting your plan of auditing. Audits should take into account the way you're doing business today.

Frequently review and adjust your plan of auditing According to business conditions, it is essential in the current market dynamics, as well as to align your team and key stakeholders with critical and urgent risks, focusing your attention on the areas and procedures that will protect your business. Investing in tools that promote connectivity is also important, since auditing is a team-based and relationship-oriented role.

Uma auditing Successful remote requires a bit of work preparing and setting expectations, because obtaining the necessary documentation can be more work than usual. But by making sure that auditees and stakeholders are aligned in the process of auditing, including their delivery times, will allow them to have enough time to prepare.

Currently, many teams plan and interact with the activities of auditing using technology. Investing in the right technology allows teams to auditing apply a consistent methodology. For example, an automated cloud-based system creates a repository of all information related to auditing and easily shares them with all parties involved so that no one has to search for the necessary information.

The professionals of auditing they can be sure that they are basing their decisions on the most up-to-date data and can assign tasks and reminders to colleagues so that nothing is forgotten.

With advanced analysis and instant visual representations of data, these tools also eliminate tedious reports, accelerate the cycle of auditing and free up time for teams to focus on improving strategies.

Whatever the job of auditing, by being able to assess the effectiveness of governance, risk, and compliance practices more quickly and accurately, auditing can solidify your position as a strategic partner to achieve the organization's overall risk management and business goals.

Contact TATICCA — ALLINIAL GLOBAL, which provides integrated auditing services, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training, for more information, at www.taticca.com.br or e-mail taticca@taticca.com.br and learn more. Our company has certified methodologies for carrying out activities.

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TATICCA is a firm that provides external and internal auditing, tax, business consulting and advisory services, corporate finance, training, technology, expertise and investigations, sustainability, risk mapping, accounting and related services. TATICCA is a member firm of ALLINIAL GLOBAL, a global alliance of independent auditing, accounting and consulting entities.

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