Re: RE: Changing A/P Offset Method Constant
I wonder about your auditors' practical grasp of reality (well at least the grasp of apparently the less than experienced employee doing the review). Reality is that this is way JDE does it and has done for at least 14 years, I have never heard of any other auditors complaining including big 4. Reality is that it is only one functional group of programs that create the AE entries (think P0980**) in the normal course so if mods to these programs are controlled and documented then the auditors perception of threat is unfounded. Reality is that the date of the AE entry is not material so long as it is in the correct accounting period. Reality is that the AE doc number and the batch number are closely bound. Reality is that auditors can only make comment (based on sound judgement and expertise as opposed to personal "preference") on the business and systems employed. Reality is that auditors do not run the business. Reality is that Auditors do not have to find the wherewithall to fund a machine and disk upgrade. Reality is that even Auditors, like management, can be wrong in their assessment, the difference is that management need to put case their firmly and convincingly rather than give in.
Please feel free to offer them my comments (as an ex member of the Chartered Profession) for their consideration, just make sure you are dealing with the partner, not the graduate assistant.