Having just completed the annual financial audit, the audit partner and supervisor are holding a final debriefing meeting with the client. As part of this meeting the managing director of Computek Electronics Ltd indicates: Im glad we got a clean bill of health on that audit report. I had some concerns about controls at the warehouse but I see there is nothing to worry about. The audit partner replied: our procedures did not involve a full review of controls, so I dont know whether your specific concerns would be addressed or not. The managing director retorted, Well, what are we paying you for then? Advise the partner on an appropriate reply to the managing director.