Talk to Your Auditor Now or Pay Later
Excerpt from "Talk to Your Auditor Now or Pay Later" by Dave Pelland for FEI Daily
As businesses grow, shrink or change, finance leaders need to stay in constant communication with their auditors or end up paying for additional hours playing catch-up at close, according senior-level executives interviewed as part of 2017 Audit Fee Survey Report, published today by Financial Executives Research Foundation and sponsored by Workiva (NYSE:WK).
One of the strategies companies are adopting to help mitigate audit fees revealed in the FERF report released today is working collaboratively with their auditors, such as communicating more frequently throughout the year so the auditors understand business developments or address questions about potentially complex issues.
Explore the full survey here.
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