Horror Story in Accounting Firm

Is working in an accounting firm a stressful job?

Below is an uncensored horror story from our colleagues from our Peak 2022 :

• Client call me the status today when they book in yesterday.

• Client only give me 2 hours to out audit for 2 company.

• Audit is kind of figure plug in job, all the information and listing is provide by client, why audit firm still need to charge few thousand Ringgit?

• Financial consultancies is part of auditor and tax job, Firm should giving guidance and a confirm answer to client, not matter is SST, custom duty, register of foreign worker, or every accounting double entry.

• Client expect auditor to check every single transaction in the management account to act as an account reviewer.

• Client always expect the tax agent can estimate the nearest tax estimation for the year with sales amount for certain months only.

• Client asked me to out account to his sister-in-law’s house because he said he kept the computer at his sister-in-law’s house.

• Client request report but revised management account with wrong costing calculation.

• During my peak, there is one client told us to do field audit for 2 hours only when there is a lot of document need to be vouched.

• Client call me to ask about my qualification and how long I work in a company for.

• Client always want us to confirm the tax treatment of the company which not audited or tax done by us.

• When we arrive client’ company, account personnel ask we sit down and listen talk around 1 hour.

• Client keep calling and said urgent things to discuss but end up talk about personal issue.

• Client insist to have virtual meeting whole day to watch them for vouching every single document required instead of email us directly the softcopies.

• No aircond and poor air ventilation when field work at client’s place, they ask us not to stay so long and finish audit quickly but they have many document we need to vouch.

• When vouching document one cockroach coming out from the file.

• Taking client’s file out from a dusty box, saw a 5cm dead spider inside the box.

• One of the client ask status after few days book in, he thought small business nothing inside we can finish within 1 day, but their accountant always didn’t make any audit adjustment. I have to adjust opening balance before proceed. This year also have a lot of audit adjustment, I guess they also didn’t make the adjustment to their account, pity next year PIC.

• Client ask specimen of charge form more than one time but still haven’t provide us charge form yet.

• Client request to increase RM1 share capital.

• Client reply the queries very slow but at the same time rushing us when can complete.

• Client request ctc for company statutory form but client refuse to pay printing fee, so client print out the documents by themselves and deliver to us for CTC. But some of the documents already ctc by previous secretary. End up we need to print a new pages to CTC with new secretary.

• Client give 1000+ pages of hard copy general ledger, refuse to give soft copy and expect to received final audited report in 1 week time due to bank request.

• Client spend 3 months to answer audit query, at the end blame us that could not meet our promise which complete the job within 2 months.

• When we ask for supporting document from client, they replied “You don’t believe your own client ah? How you do business? I think we have a trust issue now!”

• 顾客的opening balance 不对就早早book in 给我们了。然后说已经很早就book in了为什么 audit还没好？然后把我们当成是Accountant. 询问audit queries but 一个月后才回我们。

• Client does not provided the correct Management account and hope us can done it fast. Some of the accountants do not make adjustments for the subsequent year as per they promised would make adjustments in the next financial year.

• The book in client need us ask the same things every year. Eg some client know we need the term loan statement to proceed the term loan working paper but every year need us to ask for the statement.

Source :

IRB Public Ruling 11/2016 - Tax Borne by Employer
http://phl.hasil.gov.my/pdf/pdfam/PR_11_2016.pdf

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KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

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