Quote:
Originally Posted by Unregistered
My audit manager suggests that if we are unable to finalise the audit on time, we should personally explain the situation to the audit partners
He also suggests that, if necessary, we should be prepared to use our own money to cover any extension fees to ACRA.
What do you guys think of my audit manager?
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First paragraph I believe and is quite common.
Second paragraph is just nonsense. Any such fees is paid by client.