Will audit ever slow down the revolving door of people leaving? Every time you turn around you are explaining a finding to a new auditor that is so clueless you wonder how TAS operates and gets anything done.
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@1nn TD is not a big bank. TD does not have anything anyone would want to emulate. TD is a disaster and hiring so many auditors this past year to try and clean up their mess.
@1hj they said that DD had a strong audit BG and big bank experience. We saw how that went.
I love how it takes anonymous ethics complaints to get anything done. Try talking to audit management they shut you up, ignore you, or bury the problem. File a complaint, dealt with swiftly. It’s like they want complaints. Like auditors will let egregious things go. Many in past audit roles test the ethics line. We know all about it.
Grant needs to go. TAS needs someone with a strong audit background with a big bank background that can fix problems. There certainly are enough problems and they are getting worse. Grant’s get sh!T done approach is not solving quality problems or upskilling staff that desperately needs to be done.
I had really high hopes for Grant.
But, but, but Grant will fix audit he’s a great manager. He’s a tool, no more no less. He’ll be gone soon also. In the SunTruist way they’ll move him somewhere else. Audit was a mess at Suntrust at merger. Any surprise they blew it up in true Suntrust fashion? Worse bank management in the business then, worse now.
DD ran off or laid off all of the good Managing Directors in the group. She brought in some terrible new ones that then ran off the good Directors and so on down the chain. Since she was fired it has been an inflow of other new people just trying to fill in all the holes that have been left. It is a good example of how bad tone at the top can decimate a group.
I want to know where the regulators are. They are asleep at the wheel.
It is especially bad at the Audit Manager and Senior Audit Manager levels. They do the heaviest lifting of getting actual audit work done and yet audit management does everything they can to break them. Then audit management wonders why are they leaving in droves. Audit management's solution hire more people into promotion roles that do not know how to do the job. It’s a bad joke. They can only hope to upgrade to ridiculous from this absolute insanity state.
I haven’t had the same auditor since the merger. Every audit is all new faces at all levels. I am hBBT and my whole group loved our auditors back then, we had the same ones every time and they seemed to understand our processes. I miss working with them and wish they were still here.
TAS is not just a dumpster fire, it is a wildfire. Anyone that can leave does. Most are going to what was formerly known as GCO. GCO areas pay better too. No one regrets leaving. The level of incompetence is shocking. There are so many audit quality problems and complaints you wonder how audit management have their jobs.