7 Key Actions To Take When Audits Become Unprofitable

7 Key Actions To Take When Audits Become Unprofitable

Setting and managing fees for service is one of the most challenging tasks for audit professionals. When the client believes that the service is easily ‘commoditised’ and acquired, price competition becomes an issue. Hence, it is no surprise that scope creep arises when the service provider does not take due care in establishing and managing […]

How Eliminating Dirty Data May Transform the Role of the Auditor

How Eliminating Dirty Data May Transform the Role of the Auditor

When dealing with numbers it is expected that all results should be equal, however when it comes to external and internal auditing, dirty data means this is often not the case. One of the biggest issues facing auditors is dirty data – duplicate, missing, or inaccurate customer and business information. As mentioned in our earlier […]

The Future of Auditing as a Profession

The Future of Auditing as a Profession

Article by Managing Director Steve Watson, published by ForAccountants. Auditing is evolving rapidly through the effect of technological and legislative changes in recent years as well as the environmental and economic impact of COVID-19 in 2020. These changes demand renewed focus on the future of auditing as a truly independent specialist profession in it’s own […]

Tips and Tricks – Business Administration in an Audit Firm

Tips and Tricks – Business Administration in an Audit Firm

The 21st Century Audit practice requires a high level of administrative support. A strong administrative team can add significant value to the firm whilst freeing up time for auditors to focus on managing client relationships and getting the job done. Amanda Cattell, Business Support Co-ordinator for National Audits Group, recently shared her thoughts on the […]

How can you balance audit quality and financial outcomes?

Article by Managing Director Steven Watson, recently featured by For Accountants publication. Audit quality concerns continue to attract headlines around the world despite the ongoing efforts of international review bodies to address issues relating to conflict of interest and lack of competition amongst the Top 4 firms. With smaller firms providing audit services, the issue becomes […]

Technology and the Future of Audits

Read our latest article about audit technology and the future of audits. At National Audits Group we embrace technology and cloud-based solutions, allowing us to continually improve our service offerings. Click here to read more.

“The Value of Internal Audits” – Steve Watson, Managing Director

“It’s quite evident that clients often don’t see real value in audit services. They’re often regarded as a necessary cost without much real value. Auditors often struggle to communicate to clients the real value of these services and, as a result, clients often question the fee associated with these services. What many firms perceive as […]

Now more than ever, society needs auditors

Ever wondered what we auditors actually do? An article recently published by Chartered Accountants Australia & New Zealand gives great insight to the work we do, and why it is required. Specifically, our work allows businesses, charities and NFP’s to demonstrate integrity in an “era of fake news, PR spin, and social media hype”.