One World Ventures Inc. (OWVI)

[ryall12]

i dont know, he might have been a little surprised. or rather might not have anticipated the difference in this audit from any previous ones he has been involved in.

lets remember this is also a back audit from the last year. last year owvi purchased tuteman and ist. those were 2 long standing chinese companies.
what does this mean? they have had many years of business being run, and this is a guess here, as chinese owned business. as in who knows what kind of record keeping and accounting practices they used. things are different there.

my point is the auditors most likely could not just start on what the books said from september 09 forward, i am betting they had to back track on how tuteman and ist got to where owvi stepped in. i could not imagine having to dig back through X years of records of a chinese factory.

so yes, he might not have realized just how long this would take.
plus as he said to the captain this is a first time audit. i know he has been involved with audits in the past but if they were not the initial one well future audits tend to go a bit smoother when you have history/relationship to work off of. initial audits can be a bit more time consuming and some aspect or number etc that prior is intimately familiar with may require extra digging by an auditor. its like showing your work in math class. i always lost points for not doing it yet had the right answers, go figure.

bottom line: he might have been caught off guard by how long this is taking but that is not necessarily a bad thing. doing it right and getting it done is all that matters.
still see an impending correction forming.