Potter Smith, Chartered Accountants
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March 3, 2015
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4 / 1115
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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.
• Potter Smith mergers are concentrated more on geographical expansion than on the basis of best practices...
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Potter Smiths 30 per cent professional fees are obtained from audit services. The audit report provides the statements with credibility and enables 3rd parties (such as banks and other creditors) to rely on the statements with confidence. The financial performance of Potter Smith has been very good until the last few years since PS began to evolve from a large regional firm to a national firm through an aggressive program of mergers...
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