Though it seems hard to implement - it is easy. So, today - few tips to decrease your audit costs. Do not expect dramatic decrease, but take into account, that even small decrease in dramatic audit bill could be a serious win. External auditors, please do not read as it would frustrate you 
1) Get the audit plan. There is always something, that supports agreed audit fee. Usually it is addendum to the contract, which lists general activities. Have it on your hands and it would necessary give you a hint on where to save.
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So, New Year comes - New Audit comes. You can easily imagine, that upcoming week will bring your accounting and reporting team a lot of fun, while you (internal auditor) will be relaxing somewhere in quiet and peaceful corner of your office checking 2009 controls. However, let’s go to today’s topic - planning of engagement by external auditor.
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I am busy a little bit. As little as the only toilet at a rock concert. Because of audit, bless him… What audit is? … um, for simplicity’s sake imagine … well, for instance a man who shovels coal. It doesn’t matter where he shovels it. In a pile for instance.
And then two or three clerks appear. Completely smooth, with laptops – unbelievably serious. In short, auditors. They walk up to a fellow and say:
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