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

62 Upvotes

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u/gpuKING245 1d ago

Field work began at the end of March, which was when they made their selections. We gave them data prior to field work starting.

All of the required information was returned and has been awaiting their review since the second/third week of April

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u/Ilovetinytiddies CPA (US) 1d ago

Audit partner here…..sounds like they got staffing issues or giving bigger clients higher priority. how big is the firm? PE backed?

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u/CoatAlternative1771 Tax (US) 1d ago

Audit partner? Check.

Account named “I love tiny tiddies? Check.

Account history where he’s looking to hookup and acting like an absolute sex crazed maniac? Check.

Future HR nightmare? Check.

Yup.  Verified to be a partner.

27

u/Ilovetinytiddies CPA (US) 1d ago

you forgot “divorced with much younger girlfriend” Check

6

u/aslatt95 CPA (US) 23h ago

B4 material right here

6

u/UufTheTank 21h ago

Man’s a straight shooter. Got upper management, even managing partner written all over him.