![](https://robertkugel.ventanaresearch.com/hs-fs/hubfs/AP_RK_Measuing_CFO_Performance_in_Audit_Costs_Q_200413.png?width=200&name=AP_RK_Measuing_CFO_Performance_in_Audit_Costs_Q_200413.png)
For decades I’ve heard people talk about cutting audit costs to reduce administrative overhead but based on my observations, I was skeptical — mostly because, until recently, the documented success stories haven’t been about going from good to great so much as going from awful to average. That’s changing. I recently wrote about a company that had set out to cut its external auditor’s fees. The benefits it had accrued are significant, including a reduction in staff time devoted to the audit. I...
Topics: Office of Finance, audit, Continuous Accounting, financial performance, CFO