Could your school lower its audit costs this year? By rethinking certain business processes, more carefully documenting internal controls and better aligning controls with risks, 18 percent of public companies managed to reduce in 2015 compared to 2014, according to the Financial Executives Research Foundation. Some companies also outsourced key pieces of internal auditing work to smaller, less expensive firms than their usual auditors. Overall, the companies' audit costs climbed a median of 3.2 percent in 2015.
Compliance Week (01/18/2017)
