Smooth out the external audit procedure

TLDR:

In a recent article for Accounting Today, Adam Olsen discusses best practices for streamlining the external audit process. Olsen highlights the importance of starting preparations early, assessing controls and risks, verifying data integrity, leveraging technology solutions, clarifying judgments and estimates, centralizing communications, formalizing action plans, and engaging an audit facilitation partner. By implementing these best practices, finance leaders can make the audit process more efficient, improve relationships with auditors, and gain strategic insights for better decision-making.