Not every auditor is the same. Each accounting firm has its own values, culture, and reputation that you should consider in addition to their quote. One of the most important things to check is whether your auditor has violated any ethical standards during their time as an accountant.
Your organization needs a trustworthy, reputable auditor to tell your financial story. Find out how good your CPA firm’s reputation is by checking the score on their most recent peer review report.
Do you work with a different auditor every year? Signs of high turnover rates like this may be a red flag that a CPA firm isn’t as stable and reliable as it should be. Your auditor should work to build a relationship with you and your organization year after year.
Auditors are financial storytellers. Some organizations choose auditors by asking only a single question: “What’s the fee?” In this blog series, we tackle six crucial factors beyond the bottom line that will help you ask practical questions and get the most from your audit.