What questions should I ask an audit firm before hiring them?
You should ask about their experience, qualifications, and approach to audits. Specific questions could include: How many years have you been in business? What industries do you specialize in? Can you provide references?
How do I know if they are qualified?
Check if they have the necessary certifications, such as CPA or CA, and inquire about their professional affiliations.
What should I expect in terms of fees?
Audit fees can vary widely. Ask for a detailed breakdown of their pricing structure and if there are any additional costs.
Can you explain the audit process?
Certainly! The audit process typically involves planning, fieldwork, reporting, and follow-up. Each stage has specific activities and timelines.
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