Thread: Is anybody on here an auditor for large companies? (srs)

What do you do during your audit? Do you physically go to factories and verify they exist, the company holds the titles etc?

How do you verify there are no hidden liabilities?

I did that before and it sucks ass. Traveling, hotels, chit employees that ram together bs paperwork because they got last minute wind that you’re coming. Having to report to corporate they’re all chit and not doing their jobs in the conference room on the last call reporting.

Originally Posted by NoGFnow

you go through their financial statements to ensure they're not pulling funny business so that other stakeholders can be confident in their operation.

How do you know the statements are real? Anyone can write anything on a piece of paper.

Originally Posted by Redfish225

I did that before and it sucks ass. Traveling, hotels, chit employees that ram together bs paperwork because they got last minute wind that you’re coming. Having to report to corporate they’re all chit and not doing their jobs in the conference room on the last call reporting.

But you actually look at property and say it's worth what it says on paper, right?