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.
submitted by ekigvom to Accounting [link] [comments]
2021.09.20 20:08 hammackj Minecraft: Skyopolis 4 - 26
|submitted by hammackj to hammackj [link] [comments]|
2021.09.20 20:08 LucasExplainsJoke he's stopped caring
2021.09.20 20:08 ErgMaN_2point0 Front row view of Tim shredding O.D. live in Denver. Do Doo Dooo Ziiiip!
|submitted by ErgMaN_2point0 to polyphia [link] [comments]|
2021.09.20 20:08 SavageMedusa Buddha - Delorean new sound
|submitted by SavageMedusa to RPClipsGTA [link] [comments]|
2021.09.20 20:08 CharliePlayZYT Happy Birthday Matthias! 🎂🎉
|submitted by CharliePlayZYT to MatthiasSubmissions [link] [comments]|
2021.09.20 20:08 hsbdj_57b Silly Karen's and their silly shirts
|submitted by hsbdj_57b to FuckYouKaren [link] [comments]|
2021.09.20 20:08 GoatsWithWigs Crazy Alligator Men Starter Packs
|submitted by GoatsWithWigs to starterpacks [link] [comments]|
2021.09.20 20:08 s1612 I put it on my desk and it bring me so much happiness 😂
|submitted by s1612 to DunderMifflin [link] [comments]|
2021.09.20 20:08 -en- @Reuters: Allen Stanford's Ponzi scheme recovery tops $1 billion https://t.co/9X5pENj8Bp https://t.co/w1o5Hv8G6I
2021.09.20 20:08 assasinscreed3 Should I keep this stone or buy a unit? If so, what unit should I buy?
|submitted by assasinscreed3 to DokkanBattleCommunity [link] [comments]|
2021.09.20 20:08 leoquiro Balancing for premades in DuoQ
I was playing a game today in G1/P4(EUW) and my mid brand absolutely fed the enemey cassiopeia (the guy was 0/6 at 10mins). So I got giga tilted and went to check his OPgg, after the game. Turns out, the guy was actually gold 4, duo queueing with my jgler, who was plat 4. The jgler did nothing but camp that lane, that still lost. So even though I went pretty even top and bot won slightly won, we lost the game.
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
submitted by leoquiro to leagueoflegends [link] [comments]
2021.09.20 20:08 natwwal89 Calathea ornata turning translucent in edges? Any idea what causes this?
|submitted by natwwal89 to houseplants [link] [comments]|
2021.09.20 20:08 CherryBlossomDay Any other seniors that are absolutely terrified with no idea of what they’re gonna do after high school?
2021.09.20 20:08 AIandRobotics_Bot Weekly AI News in China: Kai-Fu Li Envisions AI in 2041; Baidu Unveils Autonomous Truck; Shenzhen Robotaxi Startup Raises $300M Led by Alibaba
|submitted by AIandRobotics_Bot to AIandRobotics [link] [comments]|
2021.09.20 20:08 mazeuro Any way to use the models in 40k?
|submitted by mazeuro to Warhammer40k [link] [comments]|
2021.09.20 20:08 cookie406 My skins isn't showing up
I recently purchased the trike and raptor bionic skins on ps4 but they haven't showed up in my inventory. I read somewhere they I. Supported to kill myself and they will show but I tried it and still nothing. Any ideas why they aren't showing up?
submitted by cookie406 to ARK [link] [comments]
2021.09.20 20:08 Wonderful-Mission243 How Wall Street short sellers are trying to control the Gamestop narrative (it’s not just GME)
|submitted by Wonderful-Mission243 to amcstock [link] [comments]|
2021.09.20 20:08 Cashbrandicoot_2 help with dating app profiles (27M)
Is there any place I can go to get help with dating app profiles (professionally or unprofessionally), even like professional profile pictures? Because I am really struggling to get matches.
submitted by Cashbrandicoot_2 to dating_advice [link] [comments]
2021.09.20 20:08 santobaloto the president didn't congratulate me, how dare he??
|submitted by santobaloto to ImTheMainCharacter [link] [comments]|
2021.09.20 20:08 Bread-For-All Twitter users differentiate between regular soldiers and war criminals challenge impossible.
|submitted by Bread-For-All to Destiny [link] [comments]|
2021.09.20 20:08 AutosportsBot Fillon: 24H Le Mans Was “Most Difficult” Edition Ever Organized
|submitted by AutosportsBot to Autosports [link] [comments]|
2021.09.20 20:08 JuliokThompson Is Rafa Nadal playing the US Open 2021?
Rafael Nadal will miss the US Open and the rest of the 2021 season, the Spaniard announced on Instagram Friday due to a foot injury. "I am very sorry to announce that I will not be able to keep playing tennis during the 2021 season.
submitted by JuliokThompson to tennis [link] [comments]
2021.09.20 20:08 -en- @Reuters: Scientists in Singapore are tackling food waste by turning discarded durian husks into antibacterial gel bandages https://t.co/5e93xunX7Y https://t.co/OUAra9n9Db
|submitted by -en- to newsbotbot [link] [comments]|
2021.09.20 20:08 aslan_is_on_the_move The time is now: $5B of the $3.5T budget bill must go to completing Everglades restoration
|submitted by aslan_is_on_the_move to politics [link] [comments]|