Don’t mean any disrespect to all audit partners, but why do many of them treat tax partners as if they are incompetent idiots always checking in on our work, deciding that tax fees are too high, criticizing our realization and questioning our efficiency, gate-keeping communications, etc. not all do this but in my 30+ year career this has been a constant. I’ve never questioned any of these items of my fellow audit partners. I trust that they function to their highest ability.

likefunny
Posting as :
works at
You are currently posting as works at

It takes a certain type to want to be in audit. 🤷🏼‍♂️

like

That’s for sure

like

As a now-retired audit partner, I was once burned in an internal quality review of one of my audits, because the tax accrual work was substandard. My mistake was relying on the tax partner. From that point forward, I always dug into the tax work to ensure it was both correct and properly documented and had the tax partner walk me through it all. Perhaps I should’ve been doing that all along.

like

PwC1 I completely agree. No partner should need babysitting and no partner should have time to babysit.

helpful

My experience is that there are a lot of tax folks who aren't as skilled in audit. It often results in (1) not enough work being done in high risk areas (including controls) , and (2) too much 'busy' work done in low risk areas (e.g. ticking and tying every spreadsheet/provision file). So I insert myself quite a bit to make sure we're scoping correctly and designing an efficient audit approach. Also, as the audit partner, I'm ultimately responsible for the opinion, so when the buck stops with me, I'll insert myself as needed to feel comfortable before putting pen to paper.

like

I don’t have this issue with audit partners I work with. Maybe it’s an issue with the specific individuals you work with, or office or firm. 🤷‍♀️

smart

30+ years including 3 different firms. All top 10 firms, exact same issue at every one of them. Not every single partner obviously, but most.

like

Do you really have audit partners questioning efficiency of the tax team? Our realization in tax is 20 points higher than audit. I work on our efficiency in tax, but I would not look to the audit partners for tips.

Agree. Same here. And yet every proposal they question the tax quote as being too high. I typically respond by asking them why they think they are too high and whether it’s because of their vast experience in tax work

likefunny

I work in a tax specialty group (credits/incentives) and I deal with this exact same issues from my Lead Tax / Compliance Partner colleagues … the apple doesn’t fall far from the tree. Just saying.

Related Posts

So what’s the deal with R/GA Berlin? I see that they’re hiring. But what do they do exactly? Have seen no work from them since they opened a couple of years ago...

like

For an industry built on numbers and valuations, the number of times "~" shows up before numbers in my decks is quite depressing

like

I applied for a Director position yesterday. They just reached out saying I asked for 20k over their top budget; they are going to remove me from the applications unless I was willing to come down. Is this a tactic or has anyone had experience asking for more right out the gate and still got the interview?

like

Hi JPMorgan Chase JPMorgan Investment Management ,
20 days before I received confirmation email that first level of pre-employment screening process is completed and can start as per the joining date.
Now what next steps to be expected in the coming weeks?
Still yet to revive the relocation letter as I received the spectate email that letter along with the email will be given.
Joining date in the 1st week of Nov.
Thanks

like

Starting to look for homes- $650K gross income with minimal debt and Nerdwallet is saying a a $2.29M and below home would be “affordable”…that seems super high to me, am I wrong?

like

Just started working at a lower middle market focused M&A firm, really struggling with deal sourcing and biz dev. Any tips from the wise and well travelled?

like

If I want to trace a particular formula in a sheet which has reference to multiple cells from multiple sheet how do I do it using keyboard. I use the trace precedent option (Alt + m + p) it shows arrows double clicking which shows the links to all the cells in different workbook from which the formula is constructed. Is there a keyboard shortcut for the same.

Pressing f5 or ctrl + g does not open the same "go to" dialogue box which opens on double clicking those arrows.

Thanks

Post Photo

Anybody have any experience with Spinnaker Watches? i saw them at the Wind Up watch fair in NYC yesterday and liked what I saw.

With Equinox leaving Gympass should I cancel my account and join New York Athletic Club instead? …what other gyms in NYC are as clean/have community?

like

Starting to get back into playing sports after being mostly sedentary for a while. Any tips on not getting injured?

like

34M with no skincare routine. Profoundly lazy. What one or two products would you recommend?

like

They do exist...

Post Photo
likefunny

What does everyone make and I s that above or bellow the respective union hall in your area

like

How is the wlb, culture, salary hike in atos. What should be the package for 5 yoe in SAP SD and what band will be given for 5 yoe.

Hi All,
Hope everyone is doing good. Can you please provide me some insight about Impetus.

like

Any thoughts / opinions on Keko (formerly Kemper Kommunikation)? Berlin office specifically.

Looking for job title ideas.My boss is letting me choose a new title for the unique work I've been doing.My work includes developing tools (coding) and using APIs to automate work and processes (cont)

like

I’m torn between 2 offers. One as a Managing Consultant at a boutique talent consulting firm and one as a Talent/OD Lead in industry. My long term goal is to become a Director/VP one day. People are telling to go for the industry role then but I kind of still want to be in consulting for a few more years. Will it be harder for me to make the switch later to a more senior role in HR from consulting than to climb the ranks at one company?

like
like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal