▲ 347 r/Accounting
It is an absolute joke that audits of companies listed on US markets are done by offshore teams.
I am studying for the AUD section of the CPA exam and cannot help but roll my eyes when they talk about providing any level of assurance because the offshore team is not providing it. The data security issue is also beyond me. I just don’t understand how regulators could be so stupid and how SOX in no way addresses it. I can’t wait for their to be so massive blow up or fraud as a result of this poor planing so America gets it together.
u/Existing_Nail_2569 — 3 days ago