Well, if he gets into RBC now he has the opportunity of making it up :-))
New auditors. -continuing to trim the costs.
Gaynor will be happy. -one of his suggestions. ( or should I say, slightly less unhappy).
Why would new Auditors be an advantage apart from the fact that the new lot are cheaper. I always thought that auditors were there for the benefit of shareholders and the IRD to make sure that all was properly accounted for and that nothing was dodgy.
Why would new Auditors be an advantage apart from the fact that the new lot are cheaper. I always thought that auditors were there for the benefit of shareholders and the IRD to make sure that all was properly accounted for and that nothing was dodgy.
They say new brooms sweep better ....
Same with auditors. A fresh pair of eyes versus an old team already biased and just looking into the same corners again and again.
If auditors come back again and again to the same company they know and trust management already which is nice from a human perspective but not helpful for them to do the job they are paid for. As well - management knows the questions in advance and can prepare. No surprises for them & unlikely to reveal any flaws.
NZSA recommends to regularly change the auditors (this is if you want them to do a good job).
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by percy
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