The
investigation has been opened regarding integrity of promotions in the audit
firm KTC33. The investigation was triggered by the embarrassing fact about the
audit partner in KTC33 who advocated for promotion of one of his mistresses
(Jenny): from audit manager to senior manager. The interesting moment is that
the fact was reported to the firm management by his another lover (Kelly). She
was jealous of what was happening and decided to revenge. Kelly reported of
number of similar cases when promotion
was gained “through bed” or other non-professional activities regarding
other partners. Our correspondent, Rob, asked for the comments from audit
specialist, Mr Task, in the city of Airstrip One:
- Rob: What could be done to prevent such cases in the Oceanian audit firms? Should firms inspire whistleblowing in case of any relations at job?
- Mr Task: I do not think we need to inspire unnecessary whistleblowing. People might become too focused on somebody’s sins and not on their own. What I suggest we can put some procedures to mitigate such risks. For example, we might establish system where voice of one or two partners would not be decisive. I think, the investigation is just invitation for broader discussion about the systems used by audit firms to assess employees.
Disclaimer:
all situations and names in this blog post are not real.
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