Without going into details, I believe that my audit firm and, specifically, our partner, are going the wrong way in an asset valuation discussion for our annual audit and I think GAAP backs me up. But we are approaching loggerheads on the issue. Any suggestions on how I get him to reconsider, while at the same time not pissing him off? I don't want to kill what has been a good relationship, but I also don't like his current ruling.
My auditor is wrong, how do I convince them to change their mind?
Answers
Do you have friends at other audit firms that you can test your theory vs his and see what their response is? Suggest you do it in confidence
There is normally a second/reviewing partner on every account..if there is a disagreement they should be called upon. There is likely also be a "technical" partner at the firm who can be consulted by the partner for difficult issues
Good luck
I had this same problem 2 or 3 years back and decided that it wasn't something within my control, and sought out a compromise between my expensive valuation report and the
You can always fight for it. Not literally, but gather your defenses and push back again, so long as the lines of communication are still open.
I have had my share of disagreements with audit partners and as we all know, there is a lot of gray in the world of
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