We know what it’s like to be audited. As a firm of Chartered Accountants, The Orange Partnership is regularly audited by the Institute of Chartered Accountants in England and Wales. This is to ensure that we demonstrate the highest standards of ethical and professional conduct, up-to-date technical expertise and the capabilities of qualified professionals.
The stages in welcoming the Institute to audit us break down into:
- Panic: The Institute is coming
- Calm: We should be okay
- Panic: Are we up to date with all the International audit and assurance board’s pronouncements?
- Calm: We are
- Terror: Are our assignment files in good shape?
- Calm: They are
- Panic: Random (The Institute auditor is here)
- Horror: Their report has arrived
- Calm: Actually, a useful exercise (I can’t tell you the results as my professional rules forbid it)
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