Audit Clients

To keep pace with increasing demands for corporate assurance, companies have relied increasingly on their external auditors to perform rigorous and objective audits. However, a fragmented audit process and an "over-the wall" approach to data transfer leads to duplication of effort, inefficiencies, higher audit deficiencies, and greater restatements. Increased auditing standards, like the PCAOB's Auditing Standard No. 5 (AS5), now demand a whole new level of accountability, including a more focused, top-down and scalable approach. Both the audit partner and the audit client must work more closely together in order to achieve compliance with the standard.