Glenn Phillips: Being unprepared for an audit with little notice is costly. He says panic is costly in terms of time and money and resources and focus panic steals from business operations. If your organization’s people and systems are not compliant or secure, go ahead and plan your panic now, he says. Phillips is typically only hired when there is a panic, good or bad, and he says it’s impossible to eliminate all of the anxiety that an audit brings, but avoiding unscheduled meltdowns is absolutely within your control.”]