auditors here said that they only use what the companies provide to them. They cannot find fraud cases and that it not their purpose too. So ownself declare and submit can already.
audit firms are just "postman" people. Take information, put into template then submit upwards.
Example: Singapore context: Noble group and Hin Leong Trading. Auditor role is to ensure the number gel together ? I am not an expert in this field.... the worst is these auditors put caveat to make sure they wont be sued.
Example: Singapore context: Noble group and Hin Leong Trading. Auditor role is to ensure the number gel together ? I am not an expert in this field.... the worst is these auditors put caveat to make sure they wont be sued.
Example: Singapore context: Noble group and Hin Leong Trading. Auditor role is to ensure the number gel together ? I am not an expert in this field.... the worst is these auditors put caveat to make sure they wont be sued.
sounds like it.
They take what ever the company provides them. Which means, the company will already have adjusted their own "reports" to hide. Therefore auditors almost impossible to detect wrong doings or missing money.
last time studied accountancy before. think auditors are paid to just check that companies follow the accounting standards. not acting as policeman to check for fraud.
those checking for fraud are special forensic accounting team.
last time studied accountancy before. think auditors are paid to just check that companies follow the accounting standards. not acting as policeman to check for fraud.
those checking for fraud are special forensic accounting team.
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