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- Website How To Guide
- Welcome to the CP Family
- What our clients say
- WORK EXPERIENCE
- XCP Sign Up
- Your Development
- Your Say
- Your Say Contact Us
- A No Bull Podcast
- Accounting & Finance Expertise
- ACCOUNTING ADVISORY
- Advisory
- Alice Stephenson – Founder & CEO, Stephenson Law
- All News
- ALLSTARS EARLY CAREER PROGRAMMES
- APPRENTICES
- April Bembridge – Chief People Officer, Cooper Parry
- Are You Claiming The Right Amount? Gated
- AUDIT – WHAT OUR CLIENTS SAY
- Audit and Assurance
- AUDIT FOR AIM LISTED COMPANIES
- B CORP
- Bundle and Pricing Options
- BUSINESS SERVICES INSIGHTS
- BUSINESS STRUCTURING
- Business Support And Grants
- Business Tax
- CAPITAL ALLOWANCES
- CAPITAL GAINS TAX
- Careers – Our Roles
- Careers Contact Us
- Careers Trainees FAQs
- Charities
- Construction And Property
- Contact Thank You
- Contact Us
- COOKIE POLICY
- Cooper Parry Book Club
- Cooper Parry Event
- CORPORATE AUDIT
- Corporate Finance
- Corporate Finance – What Our Clients Say
- CORPORATE FINANCE DEALS
- Corporate Finance News & Insights
- Corporate Finance News & Insights
- Corporate Social Responsibility
- Covid-19 Collaboration-news
- CP Futures
- CP Innovation
- CP INNOVATION – WHAT OUR CLIENTS SAY
- CP INNOVATION FULL PAGE. – DRAFT
- CP Tech 100
- CPERS: COOPER PARRY ENQUIRY RESOLUTION SERVICE
- Creative Tax Reliefs
- CULTURE
- DIVERSITY POLICY
- Early Stage To SME- WHAT OUR CLIENTS SAY
- Ecommerce
- Eddie Latham & PJ Scott – Co-founders, Velocity Commerce
- Education
- EMPLOYMENT TAX
- ENVIRONMENT
- FAQS
- Financial Reporting
- Find Us
- Flexible ‘Finance Bench’
- Future Events
- Galahad Clark – Founder VivoBarefoot
- GLOBAL TALENT PROGRAMME
- GRADUATES
- HEALTHCARE INSIGHTS
- Helena Hills – Founder & CEO, TrueStart
- HIGH GROWTH LOW DOWN
- Homepage
- Homepage
- Hub CP
- HUB CP – Live Lounge
- HUB CP – Live Lounge Velocity Snippets
- HUB CP – Rob Law Trunki Snippets
- Hub CP 3
- HUB CP LEADERSHIP SERIES
- HUB CP LOUNGE – PACT COFFEE
- HUB CP LOUNGE – PAUL SCHAFFER, PLUM PRODUCTS
- Hub CP Podcast
- HUB CP Thank You
- Hugo Tilmouth – Founder & CEO, The Up.co
- Impact Beyond Business
- Impact Beyond Business New template
- In Their Words
- In Their Words Retail
- INDIRECT TAX
- Inheritance Tax
- Intellectual Property & Patent Box
- INTERNATIONAL TAX
- Investment Calculator UK
- James Hyde – Founder & CEO, James and James
- Jay Richards & Cat Agostinho – Co-Founders, Imagen
- Justin Harling – CEO, CAE Technology Services
- LANDLORD
- LEGAL STUFF
- Let’s Stop Calling It R&D V2 Gated
- Life at cooper parry
- Lounge Underwear Webcast
- MAKING TAX DIGITAL
- Management Information and Reporting
- MANAGING AGENTS
- Manufacturing Tax and Advisory
- Marketing Thank You
- MID MARKET – WHAT OUR CLIENTS SAY
- Mid-Market
- New Hub CP
- New Hub CP Live Lounge
- Newsletter Form
- Newsletter Thank You
- NFP Webcasts And More
- Not For Profit Audit
- Operational Systems & Technology
- Our People
- Meet the Team
- Meet the Team Retail
- Our People – Big Business
- Our People – Board
- Our People – Business Tax
- Our People – Capital Allowances
- Our People – Corporate Finance
- Our People – CP Innovation
- Our People – Facilities & Wellbeing
- Our People – Leadership
- Our People – Marketing
- Our People – New Business Relationships
- Our People – Not for Profit
- Our People – Outsourcing
- Our People – Partners
- Our People – Pensions
- Our People – Personal Tax
- Our People – Service Charge
- Our People – Tech & High Growth
- Our People – Tech & Platforms
- Our People – Transaction Services
- Our People – Transaction Tax
- Our People – VAT
- Our People – Wealth
- Our People Audit
- Our People Team
- Our Why And Values
- Outsourcing
- OVERSEAS EXPANSION
- Past Events
- Paul Richardson – Executive Chairman, Gymshark
- Paul Turton – CEO, Pact Coffee
- PENSIONS AUDIT
- Personal Tax
- Personal Tax Compliance
- PLACEMENTS
- Preference Centre
- PRIVACY POLICY
- Private Equity Advisory
- PROPERTY AND LANDLORDS
- R&D Capital Allowances
- R&D Newsletter Thank You
- R&D Tax Credits Questionnaire: Are you eligible?
- Raise investment or debt
- Raising Finance
- Read All About It
- Rebelution 2
- Rebelution 2 Top Tips – Cooper Parry Corporate Finance
- Rebelution 2 Top Tips – Cooper Parry IT
- Rebelution 2 Top Tips – Cooper Parry Wealth
- Rebelution 2 Top Tips – CP Futures
- Rebelution 2 Top Tips – VAT & Brexit
- Research & Development Tax Credits
- Research And Development Tax Credits
- RESIDENCE & DOMICILE ADVICE
- Retail
- Retail Advisory
- Retail Tax
- Rob Law MBE – Founder, Trunki
- Scale Up & High Growth
- SECURITY POLICY
- Service Charge
- Service Test
- SETTING UP BUSINESS IN THE UK
- SHARE INCENTIVES AND REWARD
- Share incentives: Annual Reporting
- SHAREHOLDER TAX ADVICE
- Shaun Doak – CEO, React Group Plc
- Small Business
- SNAPSHOT
- Succession Planning
- Supporting start ups
- SUSTAINABILITY
- Tax – What our clients say
- TAX COMPLIANCE SERVICES
- Tax Services
- TAX SETTLEMENTS AND INVESTIGATIONS
- Tech & High Growth
- Tech & High Growth – What our clients say
- TEN STAGES TO INVESTMENT
- TEN STAGES TO SALE
- Test2
- This Is Us
- Tom and Tina Warner – Co-Founders, Warner’s Distillery
- Transaction Deals
- Transaction Services
- Transaction Services – What Our Clients Say
- TRANSACTION TAX
- TRANSFER PRICING
- Trusts and Estates
- UK support for International groups
- VAT SERVICES
- Virtual Bookkeeping
- Virtual FD
- Wealth
- Wealth- What Our Clients Say
- Website How To Guide
- Welcome to the CP Family
- What our clients say
- WORK EXPERIENCE
- XCP Sign Up
- Your Development
- Your Say
- Your Say Contact Us
Does your auditor’s impending visit send shivers down your spine?
Often, it’s not even because they’re going to catch you out on anything – it’s because of the visit itself. The initial prep work, gathering information, arranging office space for the audit team, chopping and changing your diary to make sure you’re available.
Wouldn’t it be better if the audit team could do all their testing in their own offices and only come to you with queries?
THE SEARCH FOR A BETTER WAY
Over the past year, COVID-19 brought that scenario to life for us auditors and our clients. So, how did it go?
Well, it was a mixed bag of improvements and brand-new headaches. Office space was saved, at the cost of more time spent scanning in information. Contact was kept to scheduled Teams/Zoom meetings, but we lost a bit of personal touch and the professional comfort that comes from working closely with your auditor.
Learning lessons and listening to our clients, it’s clear many of them preferred a hybrid approach. They loved the ability to provide information to us digitally, which we would then work on remotely before coming onto site for a highly focussed, efficient visit.
In this visit, we would agree source documents which were either too cumbersome to scan, or too confidential to upload. We could also ‘press the flesh’ (bump elbows) with our clients and have full and frank discussions in glorious 3D, free from screens.
EMBRACING THE HYBRID APPROACH WITH INFLO
At Cooper Parry, one of the ways we’re embracing this hunger for a hybrid approach is by partnering with Inflo – a browser-based online audit and data analytics platform, with a whole host of time-saving bells and whistles.
Tired of running reports from your finance system for the audit team?
Inflo’s Ingest module securely and intelligently connects to your finance system, collects only what it needs and delivers it to your audit team. This leaves them with a single data set, meaning they can run their own activity reports, saving you time during the audit.
Has an old-fashioned static request list created a communication disconnect between you and the auditor?
One where you believe you’ve provided everything, but the audit team are asking for the same items? Inflo’s Collaborate module changes the request list into a dynamic, live document, meaning you’ll be able to delegate items to your colleagues while still keeping an eye on their completion.
You can upload any file type and size against each individual request, so no matter what you name it, there won’t be any confusion around what question(s) it’s answering. Comments can also be added to each request, keeping the conversations against the issue they’re looking to resolve and taking away the ‘audit noise’ from your e-mails.
Inflo is ISO 27001 accredited and has security protocols for server, website and network security, giving you complete peace of mind around the security of the information you share.
Inflo also has data analytics modules to provide insight into your own data, giving you a wider, more impactful view of what’s happening in your organisation.
ONE SIDE OF THE HYBRID COIN
In that snapshot of Inflo and its powerful benefits, you’ve seen the digital side of our hybrid approach. The other half comes from what we’re renowned for at Cooper Parry – the engaged, electrifying team of people delivering the client work – and we’ll always look to finish off any key items that benefit from our physical presence onsite, giving you the best of both worlds.
I’d be interested to hear your thoughts on this. Are you a fellow card-carrying auditor? How was remote working for you and your clients? If you’re a client yourself, how was your last remote audit? What went well and what could be better?
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