6 quotes from local Auditors with 1 request

Frequently asked questions

• What questions should I ask a prospective audit firm?

  Start by asking about their experience in your industry and their familiarity with the specific auditing standards applicable to your business. Ask about the team who will handle your audit and their credentials. It's also important to discuss their audit approach and how they plan to communicate with your company during the process. Inquire about their fees and what services are included in that cost. Finally, ask for client references to gauge customer satisfaction and their performance with similar companies.

• What should I consider when choosing an audit firm?

  There are several factors to consider when choosing an audit firm. Look for a firm with a deep understanding of your industry and the specific regulatory and financial reporting requirements it entails. It's also crucial to check the firm's reputation, experience, and the qualifications of their staff. Lastly, ensure that they can provide the level of service you need - from the availability of their team to the depth of their services beyond just basic auditing, such as advisory services or internal audit support.

• How can we ensure a smooth audit process with our chosen audit firm?

  Clear communication is key to a successful audit. Ensure that both parties understand the scope and timeline of the audit, and that your company provides all necessary documents in a timely manner. Appoint a point person in your company to liaise with the auditors. It's also helpful to hold regular meetings with the auditors to discuss progress and any issues that arise. Remember, the auditor is there to help your company meet regulatory requirements and improve financial processes, so your cooperation and openness is essential.

• What should I consider when choosing an audit firm?

  There are several factors to consider when choosing an audit firm. Look for a firm with a deep understanding of your industry and the specific regulatory and financial reporting requirements it entails. It's also crucial to check the firm's reputation, experience, and the qualifications of their staff. Lastly, ensure that they can provide the level of service you need - from the availability of their team to the depth of their services beyond just basic auditing, such as advisory services or internal audit support.