Audit readiness strategy: Stop pulling your best internal
finance talent to manage the annual audit. Find out how enlisting
outside audit help leads to better, more efficient accounting
processes.
The end of the fiscal year is a dual challenge: closing the
books for the past period while simultaneously preparing to launch
the new one. As the audit cycle begins, most companies
instinctively assign their high-performing accounting and finance
professionals to manage the process. While the instinct to use your
most capable internal team members is understandable, it's a
strategy that ultimately sacrifices the future for the past.
I've seen time and again how this well-intentioned choice
pulls your most valuable resources away from their core, strategic
functions. In short, by managing the audit in-house, you are asking
your top talent to spend the first three to four months of the new
year "living in the past." It's an easy trap to fall
into, but it's a critical
