A quality audit can reveal opportunities to improve business operations and reduce risks.
Evaluating audit results closely can pay dividends for manufacturing companies. A financial statement audit can reveal hidden opportunities for a company to reduce waste, increase profitability, minimize costly errors, and refine operations.
Senior management and private equity group leaders alike should review the audit report and discuss findings with their independent auditor. They then can use this checklist of major areas of opportunity to explore after the external audit.