CSB - A Professional Services Firm

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CSB's services are performed in accordance with International Standards on Auditing or those generally accepted in the United States, Canada or the United Kingdom.  Our experience extends to multi-national engagements and collaboration with other professional services firms.

Our professionals have extensive experience in a variety of industries.  This experience includes acting or having acted as independent auditors, accountants and consultants to clients ranging from fast growing small business to large multi-national companies, spanning various industries and sectors such as, Banking and Finance, International Funding Agencies, Telecommunications, Manufacturing, Governmental and non-Governmental institutions.

CSB demands professional qualifications from our professionals, whether CPA, ACCA, CISA or other internationally accepted designations.  Practice quality is maintained and enhanced through staff training, both locally and overseas, and through professional practice reviews.  With CSB you can expect the best and trust that it's right.

Our assurance professionals gather information during an audit to understand fully a client's business, internal controls and risk spectrum.  Before making audit decisions, we conduct objective diagnostic tests and analytical reviews.  Our methods help enable our clients to meet the growing demand for enhanced disclosure and accountability.  We work closely with, yet independently from our clients and encourage open communication.  Our audit goes beyond testing transactions and balances to providing insights that help you better understand your business.

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Last Updated ( Tuesday, 18 July 2006 21:08 )  

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Accounting Ethics Poll - 01/2010

You are discussing internal controls with your client.  You noticed that they lack any sort of review over the receipt of incoming goods that have been purchased.  During your engagement you pulled an invoice for the purchase of a laptop but when you inquired to the purchasing department regarding the receipt of the laptop, nobody could seem to recall who received it or where the laptop was now.

When you bring this to the controllers attention she dismisses it and states that she is sure that it is around somewhere and being used for business purposes.  You point out that you are not trying to make any accusations but that there may be a control and fraud risk if there are no controls over receiving of goods purchased by the organization.  You point out that without some sort of receiving process how can she be certain that the organization ever actually received the laptop that they paid for?

The controller responds that she trusts all her staff so she doesn't have to worry about one of them picking up company assets and walking off with them.

You try to explain that it is not only an issue of fraud risk but this could be an instance where the organization failed to receive the goods they paid for and so should go back to the vendor to verify that the goods were actually shipped.  She responds that she has had enough with this line of questioning.

Subsequently the controller contacts the engagement partner and complains that you are attempting to find problems where none exist just to have audit findings to report.  Although no reprimand comes down, the audit partner pulls you from the engagement.  What would you do?

Accounting Ethics Poll