5 Questions to Ask Your Prospective Audit Company

If you were to ask businesses how they handle their bookkeeping and financial report to IRAS, they would answer the same thing—with their accountant. After all, doing this can be a time-consuming and stressful task. More so, if it is not your expertise to do it in the first place. So, it does make sense why you would want to hire an audit company in Singapore. However, hiring one is not an easy thing to do. Well, that is if you aspire to hire a reliable one. To give you a hand, ask these questions to make sure if they are the right one for you.

1. Could we meet the auditor who will be working on our account?

You have to meet them in person since you will be working along their side for a long time. So, if the audit company in Singapore said yes, then that is great. Make sure to prepare all the questions on how they will handle your account. 

2. How often and efficiently do you communicate with your client?

Since they will be handling your finances, it would be a good idea to have a seamless relationship with them. Well, to do that, they should be able to communicate with you well so you could do the same with them.

3. Do you have any experience with businesses like ours?

It would be a good idea to know this ahead of time so you would have an idea whether they can help you manage your finances or not. So, if they said, make sure to ask them some samples of their tax advisory services.

4. What is your employee turnover rate?

It might seem out of the box question to ask, but you have to. That way, you would know how frequently you have to change your auditor. So, remember, the lower the turnover rate is, the better. It means you will be working with them for a long time. 

5. From a cybersecurity perspective, where do your audit company stands?

As an audit company, they should rest assured that your finances will be safe in their hands. The only way to do that is to show you how seamless their cybersecurity processes are.

Asking these questions to your prospect audit company in Singapore would help you determine if you should hire them. So, if you have not hired anyone yet, check out Nexia TS. Feel free to ask these questions and find out if they are the right one that you should hire. Contact them now at +65 6534 5700!

Resource:
https://business-sized.mystrikingly.com/blog/5-questions-to-ask-your-prospective-audit-company