Auditing "Independence" vs Independence

2021.09.20 20:08 ekigvom Auditing "Independence" vs Independence

So I recently changed roles from big4 public audit which is considered “independent” to governmental IRS audit which is for-real-independent.
I can already see the big differences between “independent” and independent. The auditees are not our clients and we don’t need their approval for anything. We are truly independent from them, it makes no difference to us whether the auditee fails or passes the audit. It’s the same work for us either way.
Currently, when something is wrong, I mark it wrong and move on. At the end of the audit each wrong item it compilated and the auditee fails the audit for these respective areas and has corresponding consequences for the same. If something is right, I mark it right and move on. If someone doesn’t provide support, we follow up with a hard deadline. If support isn’t provided by the deadline, then we just fail each effected audit area for insufficient support (effectively marking it wrong) and move on.
The above is DRASTICALLY different from public audit where the auditor and auditee are basically tied together. If something is wrong, it’s a big problem for the auditor AND auditee. The auditors work can increase in magnitudes from incorrect substantive testing. Even the entire structure and risk assessment of the audit can change. Don’t even get me started if a controls fails in the 4th quarter of a year end LOL. I felt like in public audit there was always these grey areas where something is wrong, but I kinda cant mark it wrong, I have to try and figure it out or find a way to make it right. If someone didnt provide support there was no "fail" button, instead we just kinda kept begging the client like a dog. And you ALWAYS had to worry about "will the client be happy?". Even if you did an audit correct and had wound up with a lot of findings, the client can get mad at you and it could impact if your firm is engaged to them next year.
Auditing is so much better and streamlined when an auditor can just do their job, which is to audit, which means they mark stuff right or mark it wrong and at the end, provide the results.
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I had a genuine question about how balancing works in a situation like this. Shouldn’t the client take a mean of the duo's mmr (which would be gold2/3 in this case)? Otherwise we are playing a 4v5
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