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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: carolm who wrote (17754)	5/15/1998 9:19:00 PM
From: ElGator	Read Replies (1) \| Respond to of 27968

When companies start going national, the audit firm usually has to be changed if they are using a local firm. A major reason for this is that the company is billed for the travel and living expenses of the auditors as they travel to review the remote offices, and this can be very expensive. It's far more economical to use a national firm with offices in or near the cities in which the company has branches. That way local audit staff is used for review of the remote offices, the travel and living expenses are avoided and the audit can be expedited as offices can be reviewed simultaneously. A first audit by a new audit firm always takes longer than subsequent reviews because there is no one on staff familiar with the company, its exact business, or its organizational environment. Additionally, there are certain permanent documentation files that need to be built in order to assist auditors in future jobs and job planning.