My audit is DONE! OVER! FINISHED! KAPUT!
I wish I could tell you that my bookkeeping was perfect, but over the course of three and a half years, I under-reported 17.5 hours. :-(
It could have been so much worse. The auditor had a name on his list to check that he thought hadn't been reported. The man had worked close to 900 hours for us. I was on the verge of apoplexy at the thought of the cost and penalties. I was able to hand the auditor the union report, showing that I had paid the benefits, and that the auditor had made an error.
Those 17.5 hours really bug me, but I should point out that in that time period, I reported that our bricklayers and laborers worked a total of 82,173 hours, plus a little overtime. It puts the 17.5 hours into perspective.
I can tell you that the union spent more to do the audit than they will get back in benefits and penalties! *G*
Now, If only someone would put away all the data that I had to drag out for the audit, I'd be a happy camper!
Comments (8)
Congratulations, Buffy. Well done! The point of an audit is not to pay for itself but to encourage everyone to do the reporting--it's called leverage. The thought of an audit supposedly encourages honest people to stay honest. (There is no help for those who are really intent upon scamming the system.)
Posted by Cop Car | April 3, 2008 12:47 AM
Posted on April 3, 2008 00:47
Congratulations on getting the audit done and so well. A variation of 17.5 hours when the total was more than 82K sounds like an absolutely miniscule difference. Doesn't the auditor have a De Minimis ruling under which they automatically don't take any action? I thought most do that nowadays. Clearly the auditor is human (to have made that error of his) so presumably he is aware that others can make some small errors.
Anyway, now it's over you can put your feet up and relax. It sounds as if you really deserve it.
Posted by Adele | April 3, 2008 11:50 AM
Posted on April 3, 2008 11:50
burn the paperwork buffy, just burn it!! and then send the ashes to the auditor!
Posted by bod | April 3, 2008 4:45 PM
Posted on April 3, 2008 16:45
Cop Car, "leverage" is definitely what this audit could be called, but it's unnecessary. I'm pleased to say that I work for an honest company, and I don't need the union's assistance to make sure that we pay our obligations. A better term for this audit would be "a pain in the butt!"
It really bugs me that those of us who are honest get to suffer through all the rules and laws, and those who are dishonest just keep skipping away in total disregard!
Posted by Registered User
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April 4, 2008 7:45 AM
Posted on April 4, 2008 07:45
Thank you, Adele. I don't actually know if we have a De Minimis ruling, or not. It seems as though we should have, but I doubt the union will be willing to pass on the thought of months of penalties compounding.
It's a relief that the audit is done, but there's still a lot of work to do. No putting my feet up and eating truffles! lol
Posted by Registered User
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April 4, 2008 7:48 AM
Posted on April 4, 2008 07:48
Yeee Haaa, Bod!!!!
Of course, my bookkeeper's heart nearly stopped when you suggested burning the fruits of my labor! *G* Still....it's a great image that you've lodged in my mind!
Posted by Registered User
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April 4, 2008 7:49 AM
Posted on April 4, 2008 07:49
Glad you made it thru the audit with so minor a finding. ANY place would be proud to go with that record!
Posted by bogie | April 5, 2008 7:06 AM
Posted on April 5, 2008 07:06
Thank you, bogie, that's very nice of you to say. *S*
Posted by Registered User
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April 5, 2008 12:30 PM
Posted on April 5, 2008 12:30