Resolving data error for audit

[TPApril]

CPA firm auditing a pension plan of 500 participants has found the goose who lays the golden egg - one participant's data was used in place of another, and they have determined this to be 'major' and necessary to include in their report, even though the effect on the valuation was about 0.75%.  We have identified that a staff editing the data made an inadvertent data error.  May I throw out there if anyone has provided an acceptable reason to the cpa's for such data errors?

[Luke Bailey]

If they just include a paragraph describing what they found and that controls are going to be put in place to prevent in future, what's the harm?

[TPApril]

Agreed, but, the issue is not the controls being in place which has long been settled, but the wording of the explanation for the 'massive' error.

[RatherBeGolfing]

9 hours ago, TPApril said:

Agreed, but, the issue is not the controls being in place which has long been settled, but the wording of the explanation for the 'massive' error.

Yea I agree.  Most auditors I work with would be happy to just make a small note of it and move on (assuming the error was fixed and new controls in place).  I have seen much bigger issues barely get a footnote...