Getting bank confirmation responses is a central element of the audit process.
Do you know if your department is maximizing efficiencies by completing all confirmation requests electronically? It’s important to take some time prior to “busy season” to determine if paper requests are slowing you down.
We’ve narrowed down the many benefits of exclusively responding to audit confirmations electronically to what we think are the top three.
So what are the top three benefits of online audit confirmations?
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