The value of auditors8 Apr 2022 10:07
I've never dealt with Deloitte, but have encountered one of the other big four. They were doing a diligence exercise on a small company. I was deeply unimpressed.
They asked prepared questions, wrote down my answers but never once verified the truth of what I said. I frequently offered opportunities to follow up "you can speak to x customer / y supplier", but they were disinterested. Their report qualified everything with "the management said...".
It was a total waste of their client's money. For a little more effort they could have had a lot more certainty.