Discussion:Annual Report
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| Revision as of 20:25, 23 October 2009 CrowCPA (Talk | contribs) (Thanks for your) ← Previous diff |
Revision as of 23:33, 23 October 2009 Natalie (Talk | contribs) (The important th) Next diff → |
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| At the vary least I will tell them they they need to do a better job of proof reading. I am wondering how harsh I should be with them. }} | At the vary least I will tell them they they need to do a better job of proof reading. I am wondering how harsh I should be with them. }} | ||
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| + | {{ForumReplyPost|UserID=Natalie|Date=October 23, 2009|Text=The important thing is that they included the notes, and it sounds like they didn't do this to deliberately mislead people. It's a little late now to do much about the errors, however. You might ask your client to send out a note to all members describing the errors. I think though, that you shouldn't be too hard on your client as part of the responsibility for the error rests with you. I'm not sure if there's a requirement to do so, but you could have asked the client to provide you with a draft of the annual report before it went out. You would have caught the mistake right away. | ||
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| + | In addition, if you didn't do so, in the future you should consider adding a disclaimer about the rest of the information in the annual report. ("I did not audit, review or compile the supplemental information etc.")}} | ||
Revision as of 23:33, 23 October 2009
Discussion Forum Index --> Accounting Questions --> Annual Report
| 23 October 2009 | |
| Seven weeks ago I prepared reviewed financial statements for a client that I have been working with for several years. Part of what I supply is an unbound copy of the financials that they have reproduced in their annual report that is distributed to their members. Today I received a copy of that report and immediately noticed a difference between what I provided and what is in the report. Specifically, where I put "See accompanying accountant's report and notes to financial statements" at the bottom of each page of the statements, they have replaced it with "See accompanying accountant's report". They also have some of the pages out of order, but I am not too concerned about that.
I intend to make it clear to them that I am unhappy about this alteration but I am unsure what, if anything, I should do beyond that. Can anyone give me some guidance about how much hell I should raise about this? | |
| October 23, 2009 | |
| Did they include the notes to the statements? And has the report been released yet? | |
| October 23, 2009 | |
| Is it possible that the second part of your statement was cut off by the printers? | |
| 23 October 2009 | |
| Thanks for your reply, Natalie. They included all the notes, although the pages are out of order. Two pages of the notes appear right after my review report, before the balance sheet. It all appears to be the fault of the printer. I think they wanted to reposition the statement and in so doing made the change. I always print "See accompanying accountant's review report" on the bottom of each page of notes and " . . .accountant's report and notes to financial statements" on the statements themselves. I think the printer just copied the same thing on to each page, not noticing the difference.
The annual reports have been distributed to all members - over 4500 of them. There are surely other accountants among those members and this has left me looking stupid. At the vary least I will tell them they they need to do a better job of proof reading. I am wondering how harsh I should be with them. | |
| October 23, 2009 | |
| The important thing is that they included the notes, and it sounds like they didn't do this to deliberately mislead people. It's a little late now to do much about the errors, however. You might ask your client to send out a note to all members describing the errors. I think though, that you shouldn't be too hard on your client as part of the responsibility for the error rests with you. I'm not sure if there's a requirement to do so, but you could have asked the client to provide you with a draft of the annual report before it went out. You would have caught the mistake right away.
In addition, if you didn't do so, in the future you should consider adding a disclaimer about the rest of the information in the annual report. ("I did not audit, review or compile the supplemental information etc.") | |
