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Brian Fox
 

Ten Tips to Improve Audit Efficiency During Busy Season

Web-based technology solutions continue to play an important role for the auditing professional, especially as it relates to efficiency. With busy season just around the corner, what are some tools auditors can use to plan, prepare, and even survive the first quarter?

November 15, 2010
Sponsored by Confirmation.com

by Brian Fox, Founder and Chief Marketing Officer, Confirmation.com

As an auditor, you know that Busy Season involves audit confirmation requests. If you’re still relying on the mail to send your requests, then you know responses can be slow and difficult to track down. To make your job easier, online audit confirmations provide a fast and secure way to manage audit confirmation requests.

Register for Our Upcoming Web Seminar!
Audit Confirmation Tools to Help You Gear Up for Busy Season
December 7, 2010
2:00 pm EDT/11:00 am PDT

As a preferred provider of online audit confirmations for AICPA Trusted Business Advisor Solutions, Confirmation.com can help you improve audit efficiency this busy season in the following 10 ways:

  1. Queue Audit Confirmations for a Future Date

Shift Busy Season work into a more flexible period like the fourth quarter by queuing December 31st confirmations now!

  1. Consolidate All Audit Confirmation Procedures to a Single Platform

Only using Confirmation.com for certain banks but use other methods such as mail, email and the fax machine for other entities? Confirmation.com provides a FREE Out-of-Network service that allows you to send electronic confirmation requests to any responder you choose. 

  1. Use Electronic Confirmations for Any Type of Audit Confirmation

Using Confirmation.com for just bank and debt confirmation requests?  Confirmation.com can be used for AR, AP, investments, lines of credit, derivatives, commercial real estate, mortgage debt and more! 

  1. Integrate Into Auditing Software

CaseWare Working Papers, CCH’s ProSystem® and Thomson Reuters’ Engagement CS™ each integrate with Confirmation.com to make your confirmation process that much easier.

  1. Collaborate With Audit Team

When several auditors work on a client’s audit engagement, Confirmation.com allows a team to collaborate on audit confirmation requests without a data collision issue.

  1. Organize Client List

Organize your client list so that only your active clients display on your dashboard. Confirmation.com also allows you to move inactive clients and their data to an archive page that you can access easily if needed.  

  1. Client Transfer

Transferring your clients from the person who performed confirmations last year to the person performing them this year will save your team lots of time! 

  1. Single Reports

Once you receive all of the client’s confirmation responses, consolidate each confirmation type into a single downloadable report.

  1. Simplify Re-confirmation Requests

Need further explanation on a confirmation? Re-confirmations are easily sent without having to initiate a new one. Plus, re-confirmation requests always go to the top of the responder’s confirmation queue and are treated as a priority.

  1. Quick Responses

And we saved the best for last! Stop chasing paper and get confirmation responses in 24 to 48 hours* instead of four to six weeks.

Get a jump start this audit season, register today. Registration is free and easy. Be sure to watch our quick demo upon registration. 

* With In-Network responders