Audit Process: 5 Expert Steps for You to Get Your Audit Right

Audit-Process$22 trillion.

That was the cost of the financial crisis to the U.S. economy. This created a less than ideal environment for any business to survive in. The period saw 200,000 small businesses vanish into a black hole of recession, engulfing 3 million jobs down with them.

I have said it before, and I will say it again: The 2008 U.S. financial crisis and the devastation it brought was the result of audit process failures. This has been concluded by The Financial Crisis Inquiry Commission (FCIC).

Like the FCIC, we at Process Street understand the importance of following a set audit process. Not doing so can bring devastating consequences on all scales. To country economics, right down to small businesses.

In this article, we will:

  • Define the term audit process
  • Explain why it is important to follow a set audit process
  • Outline an audit process followed by professional auditors
  • Show how you can implement this set audit process into your business for free

Read this article and action the advice we give. By doing so you will be protected from common audit process pitfalls and the resulting cataclysmic consequences. You can click on the relevant links below to jump the section of your choosing:

Alternatively, take the time to read all we, at Process Street, have to say.

Shall we get started?

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