Case Study

How One Company Saved $300,000 on Audit Fees With Workiva

How One Company Saved $300,000 on Audit Fees With Workiva

Pages 4 Pages

How One Company Saved $300,000 on Audit Fees With WorkivaIf you are looking to reduce your statutory audit fees, here’s how he did it. Centralized in a single cloud platform Every year, approximately 40 team members from one of the Big 4 firms would be brought in to certify their reports. The director would obtain the list of everyone from the auditor who would be on the engagement and invite them into a Workiva workspace. The director would hold a training session for the auditors to teach them how to use the platform and to show them where they would be looking for the support documents from the company. “I never received any formal training, but I was able to become a super user just by interacting with my Customer Success Manager and using the platform,” the directo

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