From the course: Preparing for an Audit
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Project management priorities
- When you're managing external or internal resources during an independent audit, effective project management is key and that includes implementing four best practices. These include, the use of deadlines. After all without deadlines, projects won't get done on time and independent audits are often done under significant time constraints, working towards a deadline that is usually quite critical for the company that is subject to the independent audit. Meeting your deadlines is especially critical for companies that are publicly traded that might need to have their independent audit done by a certain date in order to comply with SEC Regulations. After you have a deadline in place, it's also critical to set milestones. These are many deadlines throughout your project that you need to make sure you're hitting. Milestones should give you some breathing room and should help you track your progress throughout your independent…
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