Question

Evaluate your team/project experience during this class. How could you have improved teamwork and collaboration? Are there ways you would have approached a project of this magnitude differently if you did it again? Create a "User's Guide" of 3 to 5 pages where you advise future teams on how to maximize their success on an audit. Be creative!

Answer 1

ANSWER:  

There are some steps with the help of these one can improve the teamwork and collaboration which can be follows -

1 Aggregate and adapt - If there is any good project the leader should show it to the subordinates. The most collaborative project managers will be highly skilled at weaving in the suggestions, ideas and goals of their teams for a best-of fusion. Complex, multidisciplinary projects need to employ agile methodologies, involving innovation from all stakeholders and parties to succeed. The use of real-time data to help participants understand what is and isn’t working allows adjustments to be made on the fly

2 Listen First - Anyone who want to be a good leader or want a good teamwork needs to listen every little thing very carefully . Listening is basic concept which is very important to get the work done. Getting involved in any project or suggestion one need effective listening. Active listening includes giving feedback to confirm and clarify the information that was shared. A great collaborator will be able to respond most effectively once all the parties have been heard. .

3. Energize- The best collaborator assume that others are working smart and working hard. An effective leader can bring energy and inspire his team members by that they feel motivated. The leaders motivate for a job well done. Talking about issues that need to be addressed can be done in a way that gets the team motivated about what's possible.

4 Remain Open- Great leaders always keep an open mind and now that brilliant ideas come from the unexpected. Openness is also crucial in building an atmosphere of trust . Workplace relationships are successful when employees are comfortable enough to voice concerns and make suggestions. Satisfied employees comfortably voice concerns and ask question, and they know where to find the answers.

5. Have Fun - Plato is credited with saying that you can discover more about a person in an hour of play then in a year of conversation. An organisation or project is more successful when morale, motivation and trust are high. Having fun together from tuesday lunches and bowling night to meetings where humor and optimism have their place make a positive difference in helping team members from different parts of any project feel connected

AUDIT - An audit is an independent examination of accounting and financial records and financial statements to determine if they conform to the law and to generally accepted accounting principles (GAAP).

To make effective auditing to achieve higher goals or make the auditing effecting some ways are there which are as follows -

1 Tone at the Top - The leader of firm should perform the following actions -

* Ensure that all staff have sufficient time and resources to solve engagement issues.

* Establish and regularly communicate a code of conduct

* Provide a copy of the firms's quality control documents to all professionals.

2 Enhance Your Client Acceptance-

* Perform sufficient clients background checks.

* Only associate with highly ethical clients.

3 Streamline Your Audit Process-

* Ensure all engagement teams consistently apply and streamline your audit approach so they can focus on areas of high risk and audit execution.