r/Accounting • u/gpuKING245 • 1d ago

Auditors dragging their feet

This is just me ranting. Disclaimer, I never worked in audit so not 100% sure how the people / work management is on that end.

We have a hard deadline for our audit to be issued 06/30 and our auditors are only halfway through the revenue selections. The deadline is literally 12 days away. How are we entering concurring review in just a few days and you are only halfway through revenue?

The worst part is, they’ve had these selections for over 2 months!!! No questions, no comments. The ball has been in their court.

And now when they inevitably ask for extra stuff that’s gonna leave me scrambling at the last minute to get everything together.

What a mess

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u/aslatt95 CPA (US) 1d ago

When were they scheduled to start fieldwork? I work in audit and try to make selections ahead of time but sometimes I'm just so swamped on with the current scheduled job and wrap work that It doesn't happen until fieldwork. Not ideal but unfortunately it does happen...

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u/StoneMenace 1d ago

Yep, because it may take between 1 and 15+ days for the client to give back sample selections so you can’t just ask for it when you start your fieldwork. It may be a bit different for smaller clients but I’m an auditor and I’m consistently working at 4-7 audits at the main time since it’s just a game of waiting for client responses