According to a 2023 scientific study, 52% of large accounting firms have a statistically inefficient audit process. This means that money is wasted, time better spent on other processes is lost, and auditors end up frustrated and dissatisfied with their jobs.
Tax & Accounting11 September, 2024
eBook: How to make your audit and accounts preparation more efficient
Slow audit and account preparation processes don’t just lead to lost resources and revenue for your business. They also cause both accountants and their clients to become frustrated—damaging relationships as well as day-to-day operations.
In this eBook we look at the manual processes and inefficiencies that may be prominent as your firm—such as slow bank confirmations. We then explore the technology that offers you a solution: open banking and blockchain.
Download the eBook to learn:
- What practice inefficiencies you should look out for.
- What blockchain and open banking technology can offer your practice as a solution.
- How to remove inefficiencies from your audit and accounts preparation processes.
- How open banking can take your banking confirmation process from weeks to minutes.