bad clients can bring turmoil by increasing the likelihood of regulatory scrutiny, legal troubles and reputational damage.
by alan anderson, cpa
transforming audit for the future
in the realm of auditing, client selection is a critical decision that can significantly impact the health and harmony of your team and your firm. auditors should be highly selective about their clients because engaging with entities that lack ethical standards, have complex or opaque financial practices, or demonstrate a history of compliance issues can lead to substantial risks and challenges.
more: don’t risk losing good employees for bad clients | can a service center model solve audit staffing shortages? | move to advisory and assurance with relevance | use eight audit exit items to deepen client relationships | know your three audit w’s | planning lays the foundation of audit relevance | are you correctly identifying the relevance intersection? | traditional audits don’t deserve premium billing
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when we discuss the types of clients that our teams find challenging to work with, we can divide them into these categories:
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