• audit-quality
  • ssqc-1

Boosting the Quality and Efficiency of Smaller Entity Audits With Automation and Streamlined Processes including Quality Control

The pace of change and increased complexity in audit and financial reporting standards over the past few years has been dramatic and may weigh disproportionately on smaller accounting practices which typically audit smaller entities. This burden is being exacerbated by the difficult economic environment, which is prompting clients to put pressure on their accountants to lower fees. As a result, it is getting harder for practices to maintain sufficient profitability from audit work.

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