Audited organizations of all nature, size and complexity have a vested
interest in successfully managing the financial statement audit process.
Cost-effectiveness, timely financial reporting, minimizing
organizational disruption, and other incentives can result from an
effective and efficient financial statement audit. While there are
certain factors that drive audit fees which are outside of the control
of the audited entity, there are several ways for organizations to
proactively get the most value for the cost of the audit.