What Are The Benefits That Accrue To An Audit Firm From An Audit Program?
Answer:
1. Consistency. A program will ensure every audit follows the same procedure irrespective of which individual in the firm is doing it.
2.It can also act as a checklist to the individuals within the firm to ensure they don't forget anything.
3. Most Audit programs can store information and so the program acts as a file which replaces hard copy files which are easier said than done to use and take up a lot of space. Again, the program will ensure every audit file is contained by the same format and so makes it easier to use.
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