What is the biggest mistake you’ve noticed that made it through an audit and was filed on a companies published financial statements? Wanna hear some audit horror stories

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Nice try PCAOB

likefunny

Some engagements are horror stories from planning to report.

Then you pray you dont get picked by the PCAOB.

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Recently had to send back issued statements for a tax only client to the audit firm as the balance sheet didn’t balance

likefunny

All of my horror stories were from my short-lived time at BDO with their shoe-box (figuratively speaking) clients. Complete joke.

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I guess it explains the disconnection amongst offices.

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Mistake? Is that the same as an error that risk management said not to worry about because we didn’t want to lose the client?

likefunny

Yep. Not going to answer this one 🧐

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