Too often, our audits become an exercise in blindly following checklists and programs that have either been built up over prior years or supplied as part of standard templates or manuals sold by technical content providers or professional organisations. While compliance with fundamental principles of auditing standards is vital to the credibility of the audit profession, it is equally important that auditors apply their own knowledge and experience in forming an opinion. So why is professional judgement so important? And what are the benefits that can be obtained through the proper application of professional judgement?
Auditflow has partnered with UK industry heavy weights, IRIS Software Group and Mercia Group, to launch "IRIS OpenAudit" in the UK with cloud benefits to the audit process, including "as it happens" regulatory updates, paperless efficiency and anytime access from any locati