My interactions with our current auditors always helps reinforce in me that my decision to leave was the right decision, but it actually takes it further - it makes me wonder - how the heck did I survive for so many years in audit. When I hear their questions, many of which are purely for PCAOB documentation purposes, I just want to walk away because I'd rather waste my time watching paint dry than answer such non-value added questions.
I even frequently ask them why they continue to stay in audit. And from what I hear in my old firm, life's still the same. People constantly complaining, the Firms saying that things will change, but it isn't really. And life goes on. Factory model.
Look, auditors add value, don't get me wrong. But there's a lot of non-value add in what they do. I get it, it's not their fault, it's the system and the regulation board. But man - can't believe I used to do that.
Comments
Would you be interested if I invite you to review my company's financial statements? I'm willing to pay you double the hourly rate you're getting now.
My company is dormant and has an investment in an overseas subsidiary, which is also dormant. However, I suspect my accountant adopted the wrong accounting entries, and wrong financial statement disclosure.
My email address: 76chenr@gmail.com
Let me know, thanks!
It's easy to get lost in the mundane details, but I still wouldn't replace those three years for any other job just because of where that experience has gotten me in my career.
I hope you feel the same way?
Cheers
Bryan Kesler, CPA
Accountant Lighthouse point
Accountant Boynton Beach
CPA Boynton Beach
Accounting firm Singapore