For me, the big one would be setting up common and open book arrangements in terms of what you expect to be presented to justify Defined Cost on a monthly basis; and what you records want easy access to in terms of being able to go down a level or two of detail. You want your auditor to buy-in to the process as well i.e. be involved. Remember there is the balance between being having sufficient confidence that what is presented is a true and fair reflection of Defined Cost versus the cost of doing it : if you leave it to big consultancy practices who charge by the hour, some - mentioning no names -will recommend seeing everything for some reason !
This would actually be a good question to post on the LinkedIn BuiltIntelligence forum as it is a more discursive that normal.
This would actually be a good question to post on the LinkedIn BuiltIntelligence forum as it is a more discursive that normal.