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Essay Details:
Essay text:
The audits provided by PS will not serve its purpose if banks and other creditors cannot rely on its quality of work. Thus Potter-Smith needs to administer and enforce a better quality control system, so as to gain the assurance of its clients as well as maintain the accounting regulations.
Sub Issue
• Potter Smith mergers are concentrated more on geographical expansion than on the basis of best practices.
• Conforming to deadlines are given priority than to corrected audits and quality control
• Lack of training programs for the employees in PS
• Inadequate periodical performance reviews at PS to measure an employee or team’s skill which is why employee with known limitations continues in the inappropriate designation
• Branches are cutting down workforce as solution to increase profitability...
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