Audit Management Tips: Increasing Your Team's Productivity

Posted by Cedric Joshua Martinez

Jul 23, 2018 10:00:00 AM

auditor manager teaches one of her auditors

The audit season is just around the corner. In time, your people will all be occupied with their own tasks. As always, the season stretches everyone’s capabilities, which might result in productivity burns and decreased efficiency. The audit management has the responsibility to keep their people at the top of their game especially in crucial situations. Here are helpful advice in increasing your audit productivity.

Maximize the use of technology

When we hear about utilizing technology, we often think about using new software, new equipment, and complex automation or artificial intelligence processes. However, even the most simple adjustments can make a tremendous impact. An article from the NY Times revealed that adding a second monitor screen can increase the productivity of your employees by up to 30%. A second screen enables them to view reference files, work on their spreadsheet, and keep their communication lines open, without sacrificing or minimizing other important applications.

On the other hand, the use of the latest auditing software and tools will help you keep at par with modern audit standards. These will not only contribute to faster auditing processes, but it will also help you produce a better quality of audit work

Organize and optimize your own processes

Aside from their audit work, your auditors, like every employee, needs to abide by your organizational processes in line with their responsibilities and roles. Sometimes, these processes are inefficient, draining your employee’s time and energy that should be focused on improving their audit practice. It is important to conduct a productivity audit from time to time to uncover the bottlenecks and strains in your internal processes.

In addition, you should also provide a manual specific to every role within your organization. These manuals will prove useful at times when some of your people cannot report to work. These will guide other members of your team to perform the roles of other employees in certain cases to ensure continuous service delivery.

Cross-train your staff in using different audit software

Another important step you must take is to make sure that your employees are properly trained in using their respective audit software. Remember that these audit software and tools are there to help your employees in performing their audit tasks. Proper training will help them maximize the use of their tools and increase both the quality of their work and their productivity.

Taking a step further, you should also create initiatives that will motivate your staff to cross-train one another in using their respective audit software. Doing so will help them master their own software with the need to teach others and provide them with sufficient background just in case they need to cover for one another.

Managing an audit firm on top of the busy season is a daunting task for anyone. You have to perform your own tasks exceedingly while helping others do the same. You bear the responsibility of maintaining the productivity and efficiency of your firm. Following these tips will help you bring out the best results from your team and your audit firm.

Still have too much on your hand? Why not outsource some of your audit functions? Contact D&V Philippines today and find out how we can help you manage your audit services.

D&V Philippines' Seasonal Audit Support for US Audit Firms

Topics: Audit and Compliance

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