Applications of control charts. Applications of control charts. CPAs can increase the quality of their services, lower costs, and raise profits by using control charts to monitor accounting and auditing processes.
Control charts are graphic representations of information collected from processes over time.
The applications of control charts to accounting include internal auditing, customer billing, and tax return preparation. Three case studies which utilize control charts are described. We were at a bit of a loss to decide in which department the following article on control charts should appear. As you will see, the use of control charts crosses disciplinary lines. So somewhat arbitrarily the material is presented here.