Ever had to communicate that an audit client’s accounting department is incompetent? How did you handle? Growing family business, their accountant doesn’t really get GAAP. Is it weird to feel guilty?

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If they’re truly that incompetent, your communication(s) of MWs and SDs should be more than enough. Assuming you actually gave them appropriate consideration and didn’t just call them all deficiencies, the volume would say all you ever could.

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This is how my mid size firm handles this. I’ve only had to add to the communication letter for one client.

Draft a management letter full of items for consideration to management; can alo present to Audit Committee by partner. Plus, if this is public, it should be part of your test that the person performing the control is competent leading to control deficiencies if what you say is true (may are may not lead to a MW or SD). If private, then this should be reflected on opinion (I would assume that since they are incompetent there would be pervasive adjusting entries across all financial line items).

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Also, we gad a pre-planning meeting with ine if my clients where our global coordinating and engagement partner (2 partners) said they are 5 out if 10 in terms if control documentation. Gave them a hard bound of recommendations they can do and asked them to provide training again to all control owners.

Communicate to who? I’ve been in this situation twice and everyone involved was fully aware

Doubt they have adequate controls in place. Trust me, I’ve audited small start ups. Probably don’t have functioning ELCs either..

Most likely will end up giving them a big umbrella MW

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Then I posted in the PwC bowl, which I was removed from.

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My question: Why does PwC accept and promote sexual assaulants while simultaneously giving lip service about firm values?

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