Someone contacted me to do an audit and was complaining that the minimum price he was quoted was $7,500. I said, I will be upfront, you wont like my price if you dont see the value in the service that I offer. I worked in DC and my minimum was $15,000 so $7,500 is half that. He argued that he was a small business and it shouldnt take that long. First, I dont charge by the hour and secondly, I have to do the same work for you that I would do for a half a billion dollar company. I still have to follow the standards of fieldwork. I still have to brainstorm how I would rob you blind if I worked for you to ensure that the fraud standards are met. I sill have to fill out every audit program and some of those are 40+ pages long, then I have to document and test every transaction cycle. I still have to write you a management letter and representation letter. Then in 3 years while you are on vacation in the Bahamas sipping Fat Tuesday High Octanes with an extra shot for a $1, drag your file back out and show my peer reviewer that I know what the hell I am doing. Oh and your deliverable date is April 28th, yeah that is the price. :) Go complain to the state and federal regulators, because I dont make the rules and cant change them.
Posted on: Wed, 19 Mar 2014 21:29:53 +0000
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