Large CPA firms take two different approaches to the scheduling of professional staff members to audit engagements.
Question:
Large CPA firms take two different approaches to the scheduling of professional staff members to audit engagements. Some firms schedule staff members individually. Using this approach, a new staff accountant will be working with a different group of auditors in each engagement. Other large CPA firms use a team, whereby a new staff accountant is placed on a team of auditors and the team is scheduled to various engagements. Using this approach, a new staff auditor works with the same group of staff members on each engagement. List the advantages and disadvantages of each of these approaches to scheduling from:
1. The standpoint of the CPA firm,
2. The standpoint of the new staff accountant.
Step by Step Answer:
Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice
ISBN: 9780070099999
5th Edition
Authors: Mcgraw-Hill