advantages & disadvantage of joint audit

11193 views 3 replies

Hi

i want to know that what is advantages and disadvantages of joint audit.

 

Kiran

Replies (3)

Dear Kiran,

These r not the only one's & there can be many more

Advantages

1) Sharing of experience

2) Better quality

3) Timely completion of Audit

Disadvantages

1) Costly in terms of fees

2) Responsibility may be difficult to fix unless the scope is not carefully defined.

 

 

advantages 

1) wok fast

2) work is on time

3) healthy competition

4) specialised

 

disadvantages

1) sharing fees

2) common area

 

Advantage 1. Poling and sharing of expertise. 2. Better quality of work performance 3. Advantage of mutual consultation 4. Improved service to client 5. Low cost to carried out audit work. 6. Healthy competition towards a better performance

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