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IDG Contributor Network: Reflections on the 2016 external audit season

Discussion in 'CSO' started by RSS, Apr 11, 2016.

  1. RSS

    RSS New Member Member

    They are finally gone!! With the audited financial statements finally issued - at least for most companies having a calendar year (Dec. 31) year end, the 2016 external audit (where the CPA firm certifies the reasonableness of the financial statements of your company) has come to an end.

    Hopefully many of you can now return to your regular 60-hour work week of just getting the things that matter done rather than worrying about the corporate politics or ramification of the external audit (alright maybe not have to worry as much). Some of you are now facing the reality of having to deal with the commitments you made to get the auditors off your back as you address those “helpful” audit report comments left behind (and reported to the audit committee or executive management). Let’s reflect on the lessons learned and hopefully “minimize the pain” of next year’s external audit.

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