|, Audit|Automating the audit process

Automating the audit process

What do complex processes like performing an audit have in common with the nuts and bolts business of, say, assembling a car or manufacturing a mobile phone? Perhaps more than you might imagine at first glance. So if you haven’t yet considered the advantages of automating the audit process, maybe now’s the time to do so.

The benefits of audit automation

Although the word itself was first recorded in the 1940s, manufacturers have been exploiting the principles of automation for centuries, from the water-powered textile mills of the late 18th century to the steam-powered metal working factories of the Victorian era.

The benefits of automation to manufacturing are long established and well understood and they’re generally reported to include:

  • Increased productivity
  • Improved product quality
  • Improved consistency of the manufacturing processes and therefore of the final product
  • A reduction in human effort and costs

But couldn’t the same be said about software which automates a complex process like an audit? Take, for example, the Wolters Kluwer CCH Audit Automation software which can help your practice improve efficiency:

  • Increase productivity – staff can get more done in less time, and paperless audits make information easier and quicker to find.
  • More efficient – automated processes are more consistent and easier to manage so your staff’s time can be used more efficiently.
  • Improve quality control of the audit process – CCH Audit Automation offers a full range of audit methodologies – CCH, PCAS and Mercia – plus the ability to automate your own. For maximum flexibility, you can adapt and customise documents and audit programmes which also allow individuals to tailor the audit to suit their own way of working.
  • Reduce audit costs – on top of time-savings, paper takes time to print, file and retrieve, uses valuable office space and costs money to store – eliminate these costs.
  • Significant time-saving and ROI – especially in year two and beyond, when data can be rolled forward from previous years.
  • Make your practice more competitive – easily meet the increasing requirement for more stringent audit documentation.

Of course, audit automation software is no substitute for professional judgement – the software must support auditors rather than restrict them – but properly designed and implemented software can undoubtedly help busy auditors to do their jobs to the very best of their abilities.

Read more about CCH Audit Automation

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2018-11-21T17:51:28+00:0013 February 2018|Categories: Practices, Audit|Tags: , |