What happens if the engagement I was a senior on gets bad reviews from inspection. Will I get fired?

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No but the partner and senior manager could be fined or worse

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nah! you, meaning the engagment team, will have to do remedial work depending on the comments from inspection - more testing which means more crying on the drive home.

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more on asm and partners but...just but...sometimes they need scapegoat(s)

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