With constantly changing tools and best practices, it’s certainly fair to say that it’s hard to stay on top of the latest and greatest standard for optimizing workflows. Even with that challenge though, accounting firms of all sizes continually look for new ways to increase workflow efficiency and effectiveness. When it comes to audit work, the first steps toward improving efficiency and effectiveness include evaluating not only your firm’s current audit workflow and your steps of an audit but also whether your accounting workpaper software is helping or hindering your processes.
Here are two signs that are obvious indicators your firm is in need of a change.
- Are you still emailing files to your clients, or worse yet mailing them?
- Does your review take place back in the office, and only after the engagement is complete?
Sure, there are other signs that can also make it evident that it’s time for you to consider changing the accounting workpaper software you are using, but a yes answer to those questions clearly screams that you are behind the times and your competition is likely nipping at your heels. After all, you should expect your accounting workpaper software solutions to be helping you move toward unmistakable improvements in the efficiency and effectiveness of your integrated audit approach. Where do you start if you’re not seeing significant improvements though, and you’re basically feeling somewhat stuck?
Here are two tips. Implement these tips and you’ll quickly see efficiency and effectiveness improvements in your audit workflow. First, simply reduce the amount of paper you’re using. Second, finish the audit in the field. Realize, though, that the accounting workpaper software you’re using will have a major impact on how easy it is to implement process changes like these. So also evaluate the accounting workpaper software you’re using, and be sure to investigate Wolters Kluwer’s Integrated Audit Approach that has CCH ProSystem fx Engagement at the core of its technology. CCH ProSystem fx Engagement is the #1 engagement solution in the market, and it will help you better manage all of your engagements – not just audit engagements.
So the question is this. Are you interested in learning ways to be even more efficient and effective? Unless you answered no to that question, you should checkout this Modernize Your Workflow infographic. Start learning more signs and tips today!