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Auditable Management Review Controls Lower Cost of Compliance

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Author

Joe Howell

Read time

7 minutes

Key Takeaways

  • Do audit failures result solely from auditor carelessness or poor training, or are audit clients also culpable in some way?
  • Improperly designed and documented management review controls lead to inefficiencies that increase the cost of compliance for both management and auditors.
  • The potential of a failed audit inspection by the PCAOB adds cost and risk.

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