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TexasTowelie

(117,365 posts)
2. I have very little respect for auditors.
Mon Feb 20, 2017, 08:47 PM
Feb 2017

When I received audited data one time when I worked for the state it was supposed to represent over a billion dollars in transactions. When the data was keyed into a spreadsheet the total was about $350 million.

At another employer we had to go through the process of having one of the major auditors certify our process. It was merely an exercise to show that we have a paper trail from the point of intake, recording the information, sending internal emails and having a different employee sign off of what the first employee produced. It wouldn't find a problem like what was described in the article and was a big waste of time generating paper work that nobody will ever look at again in the future.

I also resented the fact that a 30-ish MBA who has no other qualifications and has never had to meet a set of deadlines is trying to instruct someone with a bachelors degree and twenty years of experience on how to do their job. I can assure anyone that if I audited any of the work they produced then I would find the flaws in their process and their work very quickly just as I found the flaws in the work product of actuaries during my career.

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