Audit Planning Fails - 5 Mistakes

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🔍 Audit failure often begins in the planning phase.

Avoiding these five common mistakes can significantly improve audit outcomes:

• 🚫 Accepting an audit without the right resources or budget — setting the engagement up for failure.
• 👤 Assigning the wrong person to plan — lack of experience can mean risks are missed.
• ⏱️ Allocating insufficient time to planning — rushing leads to shallow understanding of the client and its risks.
• 🕒 Starting planning too late — clients struggle to provide key evidence and documentation.
• ⚠️ Lack of partner involvement — without senior input, critical risks may go unidentified.

📽️ Watch the video now to see how each of these errors unfolds — and why avoiding them is non-negotiable.