When internal and external auditors collaborate, it’s a win-win. In addition to improving efficiency and avoiding duplication of efforts, working together increases the likelihood that your company’s financial statements will be accurate and timely. Here are four ideas for fostering an effective partnership: 1) Encourage frequent communication. 2) Provide access to internal audit reports. 3) Help external auditors navigate the organization. 4) Conduct joint training sessions. Contact us to brainstorm additional ideas before the start of audit season.
