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This is my first time working with a client using the COSO framework. Before elevating my inquiry to my seniors, I would like to confirm my understanding of how this exercise works.
Prior working papers are telling me that client should establish its compliance with the five components of the framework, correct? How rigid should I be in performing this?
To be fair, I was provided with a reading material but it’s a pretty hefty read.
Thanks for any responses!
Deloitte
What laptop do other firms use?
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unlock all discussions on Fishbowl.
I think what they’ve done with the profession and the amount of work that is required for an audit is unrealistic and drives employees to search other fields within accounting. I like the work. But it’s impossible to have work life balance especially if you choose to stay and your coworkers are out the door every week. They need to re-evaluate the industry and make it more desirable. That’s my two cents.
#MakeAuditGreatAgain
If you look at PwC US numbers in our Audit Quality report provided to clients and targets, total US headcount is declining as work is moved offshore or automated. There is still going to be a need for bodies onsite but it is steadily decreasing.
Yes - that’s what I meant. I have offshore managers reporting directly to me and jobs with no US staff or seniors