In times of economic uncertainty and unprecedented business decline, audit leaders can help their organisation stay afloat by implementing cost optimisation initiatives in their department. 

These four actions help leaders overcome business challenges and successfully plan cost optimisation initiatives:

  • Continuously monitoring economic indicators to identify changes in the business cycle
  • Increasing audit staff’s awareness of uncertain economic conditions
  • Establishing transparency of all functional cost drivers
  • Developing a robust plan to effectively implement cost optimisation initiatives