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16-07-2024, 10:55 AM
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must engage those smal- *ahem* bespoke audit firms some even will have the partner directly managing the audit for you
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16-07-2024, 10:56 AM
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Quote:
Originally Posted by Unregistered
The client wants us to conduct the audit at the lowest possible cost. However, the auditor cannot agree to a low fee because they have determined that the client poses a high risk. Despite this assessment, the client is unwilling to accept a higher fee.
On the other hand, the audit partner aims to maintain a high fee and achieve a good profit margin. As a result, the budgeted time and costs allocated to the audit staff are minimised, leading to the staff having to use their personal time to complete the audit.
This situation highlights a conflict where the client does not want to pay a high fee, while the audit partner seeks a high fee and a high profit margin, causing the audit staff to suffer due to the reduced budget and increased workload.
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Cos audit report not much value add.
Its a compliance cost
Thats all.
These kind of costs that do not drive revenue , companies will keep it low
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16-07-2024, 12:16 PM
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Useless
Stupid auditors good for nothing
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16-07-2024, 12:40 PM
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whats the pay now? care to share?
Blue:
a1
a2
s1
s2
am
m
Orange:
a1
a2
s1
s2
am
m
Yellow:
a1
a2
s1
s2
am
m
Green:
a1
a2
s1
s2
am
m
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16-07-2024, 03:15 PM
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Quote:
Originally Posted by Unregistered
The client wants us to conduct the audit at the lowest possible cost. However, the auditor cannot agree to a low fee because they have determined that the client poses a high risk. Despite this assessment, the client is unwilling to accept a higher fee.
On the other hand, the audit partner aims to maintain a high fee and achieve a good profit margin. As a result, the budgeted time and costs allocated to the audit staff are minimised, leading to the staff having to use their personal time to complete the audit.
This situation highlights a conflict where the client does not want to pay a high fee, while the audit partner seeks a high fee and a high profit margin, causing the audit staff to suffer due to the reduced budget and increased workload.
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And this is compounded by some of their attitude problems
1. Stingy
2. Perfectionist
If both 1 & 2, best to resign
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16-07-2024, 03:26 PM
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U all ever kana these bosses?
If you make 1 mistake he/she will tell you
“Wah you CA SG how come can have decimal place error”
Then when they make major material mistake you point out
They say “oh thanks for info”
This kind of boss is the worst
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16-07-2024, 03:34 PM
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Quote:
Originally Posted by DecorumEDMW
U all ever kana these bosses?
If you make 1 mistake he/she will tell you
“Wah you CA SG how come can have decimal place error”
Then when they make major material mistake you point out
They say “oh thanks for info”
This kind of boss is the worst
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decimals rounding error*
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16-07-2024, 03:51 PM
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Quote:
Originally Posted by DecorumEDMW
U all ever kana these bosses?
If you make 1 mistake he/she will tell you
“Wah you CA SG how come can have decimal place error”
Then when they make major material mistake you point out
They say “oh thanks for info”
This kind of boss is the worst
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moi boss dont even know how to use shared folders or shared excel file then keep amend and send back new file even after we share the file with him
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16-07-2024, 08:22 PM
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Quote:
Originally Posted by Unregistered
are the auditors becoming rare now and more valuable nowadays?
seem like very hard to get auditor now
I looking for audit firm but all charge very high
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well suck it up, cost of people going up. it is cus of fkers like you who underpay and keep trying to lowball that the industry is like this.
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16-07-2024, 09:56 PM
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Quote:
Originally Posted by Unregistered
moi boss dont even know how to use shared folders or shared excel file then keep amend and send back new file even after we share the file with him
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Some very blur
Dunno their mind fly to where. Never check the lead schedule, font bold big big still can summon me
Got a few never read email then need to explain to them all over again
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