busy season
Why AI could be a financial director's best friend during busy season
For financial directors, a busy season can be an extremely stressful period. They juggle a volume of audits that would make even experienced accountants feel the weight. Pressure from evolving regulations -- and clients to have audited statements available sooner -- continues to threaten audit quality. On top of those concerns and stresses, other external pressures are constantly being exerted on the office of the financial director. The pressure to reduce fees and provide additional value amid economic uncertainty and continued shortages of vital resources make life increasingly difficult for leading accounting firms.
Top 3 actions to take before the 2019 busy season
To best prepare for the upcoming busy season using MindBridge Ai Auditor, we've prepared this list of key actions to take, based on feedback received from users and their clients. Take note, plan your actions, and if you have any questions, please don't hesitate to contact us for help. Planning and communicating with your client during busy season is always a good practice and it's even more critical for firms going through their first artificial intelligence-based audit. Most of the steps will be familiar, some are new, so you want to make sure that everyone's on the same page as far as activities, expectations, and goals. Key to working with Ai Auditor is letting your client know that you're moving to a data-driven audit approach this year and that the earlier their data is submitted, the more effective the audit.