QUOTE(alaskanbunny @ Oct 20 2013, 12:13 AM)
you're so wrong.. it is the responsibilities of the client to provide the BS in good order... whatever lacking is either the accts dept is not up to par or the auditors are trying to find out more info which is actually good for the coy
the more time the client needs the more time the client got to pay, probably the accts dept would surely want more time, but the bosses would want the auditors to complete their job asap to meet regulatory req and also pay less $$$
well, that's you.. it depends on individual... if someone is from a respectable school with a certain competency as expected of a freshgrad, then i believe for today's price rm3k is reasonable
yeaps, you know your prob and both are right... should had considered before you undertake that course
are you a little too choosy?
No they are not competent to receice 3k.
The financial statements are in good order. We provide the same every year, ok. Nowadays the gen Y auditors literally want the client to do everything for them. They ask you to prepare the schedule, then they ask us to find the supporting document for them, ensure I find more than 50% of the documentation. That is ridiculous ! They should go to the cupboard and do this themselves ! This is pure spoonfeeding.
My time at Deloitte, we prepare the schedules ourselves and we go look for the supporting. Thats why the client is so happy to have us around.
Another thing is that the audit assistants ask the same question every year. At least they can ask is, let say "Hi, from our working papers, we realise that every year according the accounting standards, you DR your Asset and DR your Accruals this way due to the specific of the industry, just want to confirm, do you still treat it this way in 2013?".
I be impress if the auditor ask like that. But what I get is this:,
"Why you Dr your Asset like this and then you credit your Accruals like that?"
It just show they not doing their homework and not refering back to previous year working papers. I have to waste my time to explain to them.
Also another thing is that the audit assistants are very QUIET. They don't like to mix with the client. We took them to a japanese restaurant, they order the most expensive stuff, then expecting them to mingle professionally (afterall they are paid RM3k becaus of their good professional attitude and skills), we find only the Audit Senior is the one who is proficient in conversing with us. When we try to break the ice with the audit assistants, they just gave a "one word" answer. I thought that best paid graduates tend to talk loudest because they want to stand out. Unfortunately, they are quiet people and this shows they not even worth RM3k a month even based on their ability to communicate with their clients.