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Paperless Auditing Paperless auditing is a very important issue facing the accounting profession today. Several firms throughout the world are faced with the decision
for hire. Firm infrastructure: A publicly listed company, with sound financial auditing and an emphasis on going paperless. Intel encourages its investors to enroll
or fertilizers, which helps maintain a healthy environment and clean ground water. Furthermore, growing coffee under shade does not require cutting down forests.
them: What happens on Election Day if the printers fail, as printers often do? How do poll workers and voters prevent tampering with the paper ballots? These questions
it is necessary to re-evaluate the quality, cost, and the efficiency of our current suppliers, and browse though other local suppliers to obtain a qualified list
Submitted by jessieangel on March 27, 2007
Category: Business
Words: 2623 | Pages: 11
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Paperless auditing is a very important issue facing the accounting profession today. Several firms throughout the world are faced with the decision to go paperless and many are in the early stages of becoming a paperless office. It is important for a company to go at this task full force or the benefits will be significantly reduced. When the decision has been made to go to a paperless office, several issues present themselves for the firm. These issues include the level and how to implement a paperless system, what audit issues need to be addressed in the conversion and use, and what are the pros and cons of this system.
So with all this talk about going paperless, what exactly does it mean? There are various definitions of paperless auditing, and the one we have formed is that paperless auditing is the process of applying audit procedures and documenting these procedures with the use of limited hard copies. The whole goal behind going paperless is to eliminate the paper trail as much as possible. It is also important to note that there are varying degrees of going paperless. In the society we live in today it is pretty difficult for a company to be completely paperless. According to Jeff Stimpson in The Nitty-Gritty of Going Paperless, "paperless, or, more accurately, document management,' can start as simply as outputting tax forms and documentation to PDF files instead of paper, using a paperless audit product, e-filing, and using more e-mail than snail-mail to communicate." As you can see going paperless does not have to be a difficult project, but it does require the organization to commit to it fully in order to be successful. In order to proceed to a paperless firm, a general understanding of the programs that make this possible is needed.
It is well known with the increase in technology that there are several programs out there for a company to choose from. Some of the most common programs used by current audit firms are...
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