By wrong, I mean materially wrong and not your micro business with no accounts staff, I'm talking abuout an SME with either a full time "accountant" ( I know that term is used quite loosely) or accounts/bookkeeping staff.
When we get a TB from a client, the first thing we check is the bank rec and then the other main control accounts i.e. trade debtors, creditors, VAT, Wages, payroll taxes and fixed asset register. I've realised that in most cases where clients maintain their own records, the accounts are invariably wrong. So is this an indictment on us as their accountant that we need to educate the clients more or is it par for the course and that the inhouse accountant is focused on the more operational side of the business (e.g. forecasting, budgeting) and that's what they are depending on us for and that's the service they expect? But at the same time it makes me wonder that if you have an inhouse accountant and the basic controls are wrong then how reliable can any of the other information be that you are gleaning from those accounts?