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What questions should I ask an audit firm?

An example of an AI chatbot conversation about questions to ask an audit firm.

😀
You

What questions should I ask an audit firm before hiring them?

MagicBuddy
MagicBuddy

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?

😀
You

How do I know if they are qualified?

MagicBuddy
MagicBuddy

Check if they have the necessary certifications, such as CPA or CA, and inquire about their professional affiliations.

😀
You

What should I expect in terms of fees?

MagicBuddy
MagicBuddy

Audit fees can vary widely. Ask for a detailed breakdown of their pricing structure and if there are any additional costs.

😀
You

Can you explain the audit process?

MagicBuddy
MagicBuddy

Certainly! The audit process typically involves planning, fieldwork, reporting, and follow-up. Each stage has specific activities and timelines.

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Powered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.

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