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Re: SeanBoy post# 79935

Tuesday, 06/04/2019 3:23:49 AM

Tuesday, June 04, 2019 3:23:49 AM

Post# of 139200
You’ve got the gist, you just seriously underestimate the time it takes. It’s not just a single internal accountant helping an external auditor to review documents. Depending on the size of the company in terms of people which typically scales with financial complexity the time and resources used to complete a first year audit would require more than just deciding to do one and the wherewithal to afford it.

Check this out:
https://www.pwc.com/gx/en/audit-services/publications/assets/pwc-understanding-financial-statement-audit.pdf

I think this would be a very complex audit.