Combining End of Year Audit with Sox Work 424

  • We have External audit group A in performing end-of-year audit. We now have (same company) External Audit group B doing Sox testing. Can’t we combine some of their work. Isn’t the notion of Independence nonsense in this case. Once you dive down to the 5,000 foot level preparing for a landing, you see similarities in their scope and function. They are both headed for the same landing strip as far as I can see. Can’t they overlap and report on the effectiveness of controls whilst inspecting the books, can’t they share the same sample tests. We have large bills for both as I am sure you do, help.

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