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The auditor was also a solutions provider. The client was like a deer in headlamps, and had no internal counsel and went utterly paranoid - they had deep pocket
by madaxe_again 10y ago
The auditor was also a solutions provider. The client was like a deer in headlamps, and had no internal counsel and went utterly paranoid - they had deep pockets, but not enough to avoid a cashflow crisis. To be fair I don't know the precise figure but inferred it from the CVA debtors sheet and some other drama I won't go into, but it's a large multimillion sum. They had an aged epos system that was replaced, new computers for everyone, etc etc.
- jacquesm 10y agoAuditors should not wear more than one cap. I don't know how often I haven't been asked to either recommend something, some party, some solution or even to solve a problem myself but I'm extremely strict about this, I simply won't do it. The conflict of interest is such that I think that any auditor / company that doesn't understand this basic principle should not be in this business at all.