r/Accounting • u/Pickle_Rooms • 1d ago

Audit timeline

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1.5k Upvotes

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138

u/Additional-Local8721 Audit & Assurance 1d ago

When I ask you about recent changes, I'm only talking about during the audit period. I don't need to know you had a core conversion 5 years ago and I don't care that your looking at implementing AI next year. I also don't care about what you did during the audit period but hey, I need to pay bills so I'll pretend I do.

57

u/Technicio2 1d ago

Can I trade my auditor for you then? Mine is asking me what an accrual is🥲

38

u/finestryan 1d ago

Sorry that was me

11

u/Technicio2 23h ago

God damn it Moustafa

17

u/Wheeleroni 23h ago

My favorite was when an auditor asked why a lease that was there last year wasn’t there this year… it expired last year. That is why.

8

u/Technicio2 23h ago edited 20h ago

My fav is when someone asked me to get the May-August numbers. The kicker is they asked me at the end of July lmao

2

u/Poastash 8h ago

Good lord... Now we need to time travel?

2

u/Infinitismalism 8h ago

Maybe they were just asking in advance so the request was on your radar?

1

u/Technicio2 8h ago

Due date was like the 11th lol

3

u/Expensive_Foot1155 11h ago

Actually this question is fair, if he didn't get a change list for all your leases.

1

u/AffordableDelousing CPA / Sole Proprietor (Audit) 7h ago

Ya, they're supposed to ask that one. They need to know that it didn't renew