AUDIT ADVISORY

Auditors caught on wrong foot!

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Auditors caught on wrong foot!

Category
AUDIT ADVISORY
Vertical
Engineering
Size
700 Clients & 36 servers
Savings
$125,000
Location
India

CHALLENGE

The client received an audit notice from Autodesk with one of the Big4 assigned as Audit Partner. Client was an existing customer of the OEM however had almost zero growth from last 2 years.

SOLUTION

XORISK Consultants conducted a quick baseline of Autodesk products in use. Being an existing customer, client had instances of AutoCAD and Inventor in use. XORISK conducted the compliance analysis and found no anomalies. Client consented for audit and one of the Big4 conducted the audit. When draft report was submitted by Big4, there were instances of non-compliance shown which were mostly manufactured rather than representing existing state of affairs. For e.g. in one case the auditing team had shown presence of crack while in reality there was no crack present in environment. There was folder named “Crac~” and that too at different path. There was clear intention scare the client. Thankfully client had XORISK by its side and did not have to pay a penny. The report was later revised to represent factual state.

OUTCOME

XORISK was able to save $85,000 for client and additionally $40,000 which could be attributed to manufactured claims of presence of crack.

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