I ll call Frank and Buddy. Frank is a wise-cracker and Buddy is, well, dim. I know why. There are about 5000 picky accounting rules you need to follow. Most lawyers rely heavily on others to maintain their records.
Most lawyers are pretty busy.
All of that means that the chances of making a mistake are pretty good. And then there is the whole creepy nature of it being a spot audit. Sometime in the next four years, when you least expect it, you ll wander into your office only to discover the accounting equivalent of a root canal waiting for you. In March the Benchers will be monitoring the Audit Program and that discussion has the potential to change how we audit, what we audit, or even if we audit at all. Benchers will be asked some tough questions.