Selecting an auditor

There are a number of factors that need to be considered when.EU were grouped into three main areas: capacity, the strategy and the costs.

Capacity
Monitoring of the company size: larger audit firms are often able to experience and a greater concentration of resources use larger depth offer, but that can come at a higher price than a smaller company.

Relevant experience: you would probably know that the audit firm has had experience with clients in their sector. for example, if you are a non-profit organization, you can then ensure that the audit team transferred audits vzw clients that they seem.

Continuity of the team: a significant amount of time can be spent first workout in your specific processes and Verfahren. soweit as possible, seek the company audit that same staff associated with your account, will keep you and your team in the following years, in order to avoid the time and costs imposed on this qualification.

Quality control program: many companies have their own quality assurance processes that extensive training programs, staff, develop and monitor document systems and processes that you question supported. for your exams, you can ask, if there are multiple levels of review of the audit work.

Strategy
Control strategies and methods: there are a number of different approaches for a test, and it is helpful to understand the differences between the evaluation of proposals for review. for example, this may include content or approaches risk-based approaches and total value focused on identifying opportunities for improvement.

Completion time: If the test within a certain period after the end of the year have completed, or when the final report of a specified date each year are prepared, you will then need to audit firm can these requests in his work.

Mixture of team: inspection companies big enough to partner check, accountants, senior and junior employees, it is important to know how many hours spent on the monitoring of each person-level, about when little involvement of the partners, the experience and the expertise of other employees are the most interesting and important.

Costs
Accounting firms that for a period of several years, with annual control rates be increased during the same period on a lump sum or by a certain amount (e.g. inflation).

Prices quoted audit usually depend on the auditor with the documentation to support the control documents and the preparation of the annual accounts at the end of the year. He knew it, numerous adjustments, audit and would be, there would be no significant change in size and scope of its activities is required.

These criteria in mind you must be able to successfully find the control ensures that best meets your needs.