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→ How to Stay Ahead of the Game: Automating Routine Audit Tasks
How to Stay Ahead of the Game: 5 Tips for Automating Routine Audit Tasks
Clara Schaffers, CPA
May 26, 2023
As a senior associate, you know how challenging busy season can be. With so much to do and so little time, you may sometimes feel like you're drowning in a sea of emails. This is especially true if you are assigned confirmations. But what if there was a better way to manage your audit work? What if you could streamline your communication process and get things done faster? That's precisely what one senior associate did this busy season. By using Audit Sight for AR Confirmations, he was able to eliminate 1,000 emails. In this blog post, we'll take a closer look at how he did it and how you can too.
What is Audit Sight?
Before we dive into the nitty-gritty of how one senior associate saved himself hours of mindless work and headaches, let's start by looking at what Audit Sight is. Simply put, Audit Sight is a cloud-based platform that helps external auditors manage their audit confirmations quickly and efficiently. By centralizing communications between auditors, clients, and third parties, Audit Sight simplifies the entire process and eliminates the need for lengthy email chains that can slow things down. Oh and by the way if they are connected to your clients accounting system, and banks, they can automatically do subsequent liquidation… but we will save that for another day.
How One Senior Associate Saved Himself 1,000 Emails with Audit Sight
So, how did one senior associate save himself 1,000 emails? Background, this past busy season the senior associate was on 6 audits. On each audit he was assigned AR testing. On average his sample size was 50. In total, he sent 312 confirmations. His firm has a policy that each confirmation is followed up 3 times. When you add in the emails to his clients and responses to questions 1,000 emails added up fast. With Audit Sight, the platform automatically drafts, sends, and tracks the progress of each confirmation. This lets the auditor go from 1,000 to zero.
In conclusion, busy season is hard, this time can be overwhelming especially when your inbox is a nightmare.. However, there is light at the end of the tunnel, which is Audit Sight. Utilizing Audit Sight can cut down the number of emails you send, streamline your audit workflow, increase your productivity, and simplify your communication process. Why can't you be the senior associate who eliminates 1,000 emails next busy season?
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