What should auditors do with the collected information before fieldwork?

Prior to commencing fieldwork, auditors must engage in preliminary planning meetings to clarify the collected information with various stakeholders. This step is essential as it allows auditors to confirm the accuracy and completeness of the data they have gathered before the audit process officially begins. Engaging with stakeholders helps in understanding any ambiguities in the information, aligning expectations, and addressing potential concerns or insights from those who are knowledgeable about the entities or processes under review.

This interaction fosters communication, which is critical for an effective audit. It sets a foundation for better collaboration and aids in identifying any gaps or additional areas that may require attention during the fieldwork phase. Such clarification also strengthens the auditors' understanding of the operational context, risk areas, and any compliance issues, enabling a more focused and effective audit approach.

While storing information securely and sharing it with other auditors might be necessary in certain contexts, they do not address the primary objective of ensuring clarity and understanding before audits commence. Similarly, submitting information to management for approval does not directly contribute to the preparatory phase of auditing.