06-05-2006, 08:45 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Goodman</i>
<br />Pracs
Well, its been long time, we have not had any fireworks from Far East. I think its about time that either the big 4 in Japan and around clean themselves up or we might end up with another Arthur anderson.
Are you satisfied with the quality of audit work in UK, kindly reply in detail whenever you have free time. And I have not seen ASK long time, hope he is good and fit.
Finally, guys if a person of Pracs standing express his subjective views and you are unable to comprehend please keep your ignorance to yourself.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yeah Fareast is the next flash point,.. as companies grow, markets perform or under perform and the stake holders move from Govt./Banks to the share holder.
Hmm that is a question of a catch 22, isn't it...I'll try to reply in short for now and we can carry on from there,
well comparing it with Pakistan and Middleast, I'd say its more process driven here, less labour intensive, more on risk management (both from a client's business point of view and the accounting firm's) for some one whose trained in Pakistan I'd say its a little to mechanised.
But as we move from UK Auditing standards (UKGAAS) to ISA - International standards on auditing, things are becoming more time consuming,... a new thing which I now need to do while here in Britain (I guess its a first for every one all over the world) is the 'overkill' on auditing controls and walkthroughs (even when you are not relying on them,.. you know what I mean).
One thing though the resources in this country are great and I was almost dumbfounded when I first got to see the kind of money and resources my firm puts on staff skill development and the sorts.
<br />Pracs
Well, its been long time, we have not had any fireworks from Far East. I think its about time that either the big 4 in Japan and around clean themselves up or we might end up with another Arthur anderson.
Are you satisfied with the quality of audit work in UK, kindly reply in detail whenever you have free time. And I have not seen ASK long time, hope he is good and fit.
Finally, guys if a person of Pracs standing express his subjective views and you are unable to comprehend please keep your ignorance to yourself.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yeah Fareast is the next flash point,.. as companies grow, markets perform or under perform and the stake holders move from Govt./Banks to the share holder.
Hmm that is a question of a catch 22, isn't it...I'll try to reply in short for now and we can carry on from there,
well comparing it with Pakistan and Middleast, I'd say its more process driven here, less labour intensive, more on risk management (both from a client's business point of view and the accounting firm's) for some one whose trained in Pakistan I'd say its a little to mechanised.
But as we move from UK Auditing standards (UKGAAS) to ISA - International standards on auditing, things are becoming more time consuming,... a new thing which I now need to do while here in Britain (I guess its a first for every one all over the world) is the 'overkill' on auditing controls and walkthroughs (even when you are not relying on them,.. you know what I mean).
One thing though the resources in this country are great and I was almost dumbfounded when I first got to see the kind of money and resources my firm puts on staff skill development and the sorts.