Hi
i want to know that what is advantages and disadvantages of joint audit.
Kiran
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advantages & disadvantage of joint audit
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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