6 Ways to Improve Your Audit Readiness (and Lower Your Costs)

Even for the best-prepared accounting teams, the annual audit can be a time of immense anxiety and sometimes frustration. Between client and audit team miscommunication, haphazard PBC lists, fluctuating trial balances, and the simple fact that the in-house accounting team has already moved on to a new fiscal year, it’s no wonder why everyone is happy when the audit wraps up.

As strenuous as the audit is perceived — and often proves — to be, there are a number of steps businesses can take to relieve some of that stress and positively impact the audit.