Auditing & Accounting Failure
Stotsenberg Consulting examines audit work papers and other documentation for the purpose of assessing audit and accounting failure. Stotsenberg Consulting has conducted numerous forensic examinations of hundreds of sets and hundreds of thousands of pages of audit and accounting work papers including internal audit policy manuals of the Big-4 CPA professional auditing firms.
The purpose of Stotsenberg Consulting’s examinations is to determine whether there was a failure by the auditing firms to detect a material misstatement of their clients’ financial statements due to error or fraud.
Stotsenberg Consulting examines the audit evidence obtained by the auditing firms and evaluates the competency and sufficiency of that evidence and whether it provided a reasonable basis for the auditors’ opinions on the financial statements where the misstatement occurred.