I am surrounded by paper – all of which relates to audit decisions we are asked to challenge – so a pretty usual Monday then. One of these though is the first really daft finding of an SQMDP auditor, rather than one we think is a bit harsh or is a misinterpretation of the standard. What is does suggest to us is that there may well be a significant lack of understanding of small and/or sole practitioner firms especially those doing crime. This may well have a understandable cause – perhaps because the auditors are used to assessing larger predominantly private client firms.
These disagreements with SQMDP have previously been resolved inane entirely amicable basis – lets hope that this once can be too.
Its a PoP and a Formal Review after lunch with a conference call on a CCA at tea time.