Auditors fail to report with clarity and relevance
The data extracted during an
audit is like a food recipe, though many firms utilize high quality ingredients quality is not guaranteed. This is because auditors fail to combine these ingredients into a cohesive report. Simplicity and relevance are essential to explain how their findings have a direct effect on a business.
Many firms make the mistake of overusing jargon which, in turn, dilutes the value and clarity of the report. As a result the reader becomes disorientated and unable to make an informed decision.
Auditors don’t add value
Balancing the audit report requires careful deliberation, communication, and interest. Identifying high value information takes time. The auditor must understand the business inside-out to identify and focus on high value information. This is only possible through a seamless and personalized audit process. Though a mechanistic approach may succeed in passing audit standards, it will fail to provide an insightful diagnosis of your business financials.
Wisteria’s resolutions
We ask the right questions
Wisteria’s key goal is getting under the skin of a client so that we can understand their systems and processes and identify improvements that can add real value via a management report towards the conclusion of the audit process. By forging a solid working relationships, we start asking the right questions from the outset.
Wisteria walks you through the impacts of the report so that you may forge an opinion. Our audits serve two functions: The first is to offer an opinion on the financial statements; next is to provide you with insightful business impacts. This focus ensures that you will retain significant findings and discard minor impacts.
We Speak your language
Wisteria speaks to you in plain English and eliminate jargon. Wisteria ensures that not only senior management can utilize our reports, but also external readers and stakeholders. Our reports follow this principle “what is conceived well is expressed clearly, and the words to say it come easily?” (N.Boileau, 1815).