Why can’t the firms just hire third party counters for inventory counts?

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

Why can’t firms just hire third party auditors to do the audits?

likefunny

They’re already paying you? Why pay for a completely new person?

like

Brush up on your GAAS knowledge. Physical inventories need to be observed by independent auditors.

like

Because new staff need to learn!

like

Being on site is actually helpful insight when you end up being the senior/manager on the other side especially when issues come up, etc.

And also, there are horror stories about 3rd party counters being terrible and finally, the actual counting is the least important part. It’s the documentation and professional skepticism that are important for properly executed counts.

like

We hire RGIS (I'm at a public company) to assist and they kinda suck sooo...

like

I’ve had to do counts with RGIS and they do very much suck

Have you seen what we bill for one inventory count? My first year they were billing $2K/a count

That's not very much lol

like

Because you are the 1st party counter, sweetie

You mean he is the 3rd party counter?

funny

Related Posts

Hey fishes
I have an experience as product owner / business analyst of 2.8 years.
Can i get a job as product manager or is it too soon.
Like is there anyone who got simmilar role

All your thoughts and feedbacks are appreciated.
TIA

like

Hi all, currently holding 2 years of work experience as QA in Cybage with 5.8 lpa. Can anyone suggest if i should stay here or switch companies? Also if possible can someone refer me if there are openings in your company?

like

As a realtor, how do I find better commissions? The office I work in has only offered me low-tier listings, and they bring zero to none commission. I want to change that but don't know where to start. Any advice?

like

What is the MBB admissions rate for HSW, approximately?

like

Is it normal for senior managers to ask you to cancel leaves or to nit apply leaves in EY GDS? My manager told in all hands meeting yesterday to not apply leaves during tear end. Won’t this become a hr issue?

like

People that hop between Dubai and Riyadh like me anybody interested in meeting up sometime and maintaining a semblance of a social life?

Hello, anyone who worked or who's working at Hashicorp. How is it for a Sales Engineer?

30M, Fit, Indian, I am here to avoid arranged marriage and I don’t like dating apps :)

funnylike

I dated someone 15 years older than me and he always lectured me about what did I do wrong. From small things like where to squeeze ketchup on my plate to big things like how to live my life and pivot to a career that his “friends” do so well in right now. Almost everything I did or said he’d follow with some criticism. I ghosted him after another lunch date full of such lectures.

likefunny

Matched with a guy on Tinder. Had a great first date. We are stilling chatting on WhatsApp. But he has disappeared from my tinder (presumably, he unmatched with me). Is it typical for ppl to unmatch on Tinder when they are still interested in you?

like

What are fun things to do for 2nd date in Chicago?

like

Interested plz DM with job codes to apply

Post Photo
like

In case of emergency:

Post Photo
likefunnysmart

Anyone know what the interview process for the Strategy & Innovations analyst at CVS Health is like? Anything specific I should prepare for?

likehelpful

How is senior 2 grade in EY? Salary range and exp? How long does it take to acquire grade 3? Is is equivalent to assistant manager ?

like

McKinsey & Company Looking for a McKinsey & Company referral. The role is within Implementation.

like

Additional Posts in Audit Bowl

So what's the deal with read receipt requests? Are they timing people once they have that notification? 🙄

likefunny

Any websites offering free CPE credit courses?

like

Planning on leaving after this busy season. Finding it hard to have motivation, while also having to work more hours than ever before. Advice?

like

Any audit folks at midsize and up firms (experienced senior and above only) looking for a role in accounting advisory/consulting at a small firm <100 people (completely remote), reach out to me. Busy season hours are approx 45/week. Comp starts around $105k

like

Can anyone work at Moss Adam’s refer me? Please PM me.

like

How to look about for opportunities for Acca candidate who has 3y experience in external audit ? Looking for suggestions ! Thanks

funny

my stress level peaks when there is so much work to do and the filing day is only 2 weeks away 🙃

like

Busy season continues

Post Photo
likefunny

I’m going through the interview process with B4 for senior audit position. My salary expecting are around 85k but EY and Deloitte recruiters told me that it was pretty high. Is that true? (Miami location)

like

For those who have asked to switch clients, does it make a drastic difference? Currently so bored with my main client but not sure if grass is always greener. Thanks.

likesmart

I’m trying to hop on the busy season train. But today I have literally laid beside my laptop to wiggle my mouse and keep my status green. I’m just not ready for this mentally yet. I know it’s bad.

like

Do you think it’s a good idea to have a chat with the partner who interviewed you after starting the job? What should you talk about with the partner?

like

So is being an in-charge sitting around doing stuff all day but still feeling like you got nothing done?

likefunny

I quit today :)

likefunnyupliftingsmart

Does anyone else worry about their big 4 career for not being the most apt at small talk. I'm worried I'm not the most memorable member of my team for my clients and what it would mean going forward.

like

Hi background in audit and soc compliance now working for a non-public firm but delivering support to the auditors. Being that I am new I am still learning all the processes however cannot find a single process narrative. In order to better my experience performance I have attempted to find some type of structure.
Nothing is compliant…..

Would you send over a file for review with your name on it when told for job security or respect yourself and understand why first

like

As someone who has spent 7 years in the recruitment field specifically helping those who originated in audit or partnership tax compliance I’d be happy to answer anyone’s questions! Please only those that live and work in NYC.

like

Anyone here has taken the PMP certification ? Is it worth it over MBA and if you're managing projects in Advisory?

like

Pros/cons of having both a manager and senior manager on a job?

likehelpful

Has anyone ever done evening team check-ins and found benefits to having status updates at the end of the day vs morning? Asking about this in terms of working from home on an audit. Thanks!

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