>Individual audit companies may prove either incompetent or corrupt too... I agree. I've experienced both situations. KPMG did an audit of my former workplace

>Individual audit companies may prove either incompetent or corrupt too... I agree. I've experienced both situations. KPMG did an audit of my former workplace and I was amazed at what they found and so fast. It was a single receipt that a cashier rang in but the supervisor had forgot to log off the POS. The cashier didn't notice and rang in that one item under the supervior's login. The KPMG auditor caught it on paper not electronic they had gone through four year's of paperwork for one department and spotted it (on the first day of the audit too!). After that Deloitte or KPMG seemed to be mailing it in. I knew some departments in the place where I worked had greatly slipped in following protocol and none of it was discovered by the auditors. Or I should say I wasn't aware of any discoveries since I was not directly involved in the process.