Treading along the rapidly changing market has been proven to be not the easiest task, especially after the COVID-19 pandemic when all sectors and industries were altered.
In the financial function of an organisation, it is imperative that resources are maximised and data held are being used properly and efficiently. Good audit equates to less time wasted, as some leaders recount that 'time is money'.
Moreover, results from the audit process should be released in a timely manner.
Auditing with agility also brings in greater efficiency and better alignment between the audit work and the organisation's value. With better audit, there is a greater ability to respond to change.
A better audit experience
Auditing with agility is a flexible, customisable approach that leverages concepts from agile to create a more value-added and efficient audit. There are three core components to auditing with agility:
- Value-driven auditing, where the scope of audit work is driven by what’s most important to the organisation
- Integrated auditing, where audit work is integrated with your daily work
- Adaptable auditing, where audits become nimble and can adapt to change
