Replies to post #90073 on Sulja Bros. Building Supplies, Ltd (SLJB)

[creppie]

Asked my top-20 firm accountant friend about two companies involved in an audit. Here's the conversation:

[2006/09/22 15:06] <Me>: hey.. why would a company hire two firms for one audit?
[2006/09/22 15:07] <Him>: one firm will probably do the financial statements
[2006/09/22 15:07] <Him>: and the other firm will do the internal controls/procedures of the company
[2006/09/22 15:07] <Him>: which can be done by the same firm but others may outsource due to pricing and staffing
[2006/09/22 15:07] <Him>: or if there is a significant portion of the business in a foreign country
[2006/09/22 15:11] <Me>: ok, makes sense.
[2006/09/22 15:11] <Me>: thanks.
[2006/09/22 15:11] <Him>: no prob
[2006/09/22 15:11] <Me>: carry on.
[2006/09/22 15:11] <Him>: haha
[2006/09/22 15:11] <Him>: carrying


Just some info. Foreign country.. one firm for auditing procedures.. makes sense.