Tales of IT Trauma: And you thought a regular audit was tough
Sure finance pros are a little more used to audits than other departments. But when this IT person heard about an upcoming audit, he probably had no idea just how afraid he should have been.
No one looks forward to an audit. But this one was worse than most, at least for the Systems Administrator in this true story.
The employee was informed that the company would be assigning someone to shadow him for two weeks. During that time, the “auditor” would write up a detailed “professional audit” of the procedures and processes he oversaw.
Naturally, the techie was on his best behavior and gave a thorough dog-and-pony show of all the great things he did day in and day out.
Turns out that’s just what the company was hoping he would do. Turns out, there was no audit at all.
The company was simply looking for a detailed description of the position … so it could fire the network administrator. This was how the company replaced IT staffers with the least disruption and the smoothest transition.
And that’s just what they did as soon as the two weeks were over.
That’s not doing anything to take the terror out of the word “audit” anytime soon.
Free Training & Resources
White Papers
Provided by Personify Health
White Papers
Provided by Anaplan
Further Reading
The conditional formatting tool in Excel allows users to apply many different formatting options to data. The benefit: sorting and recogniz...
The Biden administration is planning to add another reporting requirement for publicly traded companies. This time it’s taxes paid to...
Auditors sought a single principle for accounting of software costs. But after months of consideration, the Financial Accounting Standards ...
The Securities and Exchange Commission (SEC) just fined a company $35 million because it didn’t maintain adequate disclosure rules fo...
Late or slow payments continue to stall progress for today’s finance teams. These delays often stem from large organizations renegotiatin...
The demand for finance chiefs is growing. Yet more companies are replacing their CFOs. Even so, CFOs are a lot less worried about AI taking...