Choosing the right auditor can be more important than you realize because having a good auditor would result in having a lot of positive impact on your business. At the same time, having an auditor that is ill-equipped to handle the work could result in you landing up in a disastrous position. Thus, it is one of those decisions that you must take after putting a lot of thought, and being fully satisfied with it. Due to the importance of choosing the right auditor, most people tend to go for the big 4 without actually recognising their needs.
So, if you are looking for a good auditor, here are some things that you must consider before you take a decision:
Meet your potential auditor – Your auditor will be one person with whom you will have direct contact at all times. Thus, you must make sure that this individual is someone who can handle the job properly as well as will merge with your current financial team. Since this person will be handling all your finances, you must meet this person and evaluate him properly. Only of you are convinced that this person is well equipped, should you go ahead otherwise you must keep looking till you find the person you can trust.
Having good communication – As already mentioned, you will constantly be in contact with the person. So, it is absolutely essential for that he/she to possess good communication skills. Moreover, he/she will have all the important details and information pertaining to your finances. So, it becomes empirical that all this information is shared with you effectively and in a timely manner. Thus, you must put great emphasis on communication and should only choose the person who can get all the information communicated to you properly.
Having relevant experience – One of the most important things is that the he/she must be having relevant experience. Handling the finances can be a very tricky business and thus, you must ensure that your auditor is well aware of all the relevant norms and procedures. You must make sure that your auditor has the correct knowledge required and only when you are convinced that the person is right for the job, you should hire him.
You must make sure when you appoint, the auditor must possess all the qualities given above. Keep these considerations in mind and you will end up having the right auditor for yourself!