The world of auditing has one big advantage over consulting… gross recurring fees. I.e. when a firm is appointed as an auditor they know - as long as they don’t muck up - that they will get the audit for many, many years. How many other professionals have that luxury of a business model?
In fact, partners are often made up in audit practi…
The world of auditing has one big advantage over consulting… gross recurring fees. I.e. when a firm is appointed as an auditor they know - as long as they don’t muck up - that they will get the audit for many, many years. How many other professionals have that luxury of a business model?
In fact, partners are often made up in audit practices to facilitate the rotation of audit partners to help satisfy good governance practices.
The world of auditing has one big advantage over consulting… gross recurring fees. I.e. when a firm is appointed as an auditor they know - as long as they don’t muck up - that they will get the audit for many, many years. How many other professionals have that luxury of a business model?
In fact, partners are often made up in audit practices to facilitate the rotation of audit partners to help satisfy good governance practices.