Working With Accounting Firms

by Thom Tracy

0 min read

If you are hiring an accounting firm to do your taxes or advise you based on your financial records, ensure you are ready to work with them. The steps you should take are similar to what you need to do if an auditor plans to assess your company for financial, regulatory or compliance issues.

  1. Outline goals for the accountant or learn what the auditor plans to assess.
  2. Based on the accounting or auditing goals, gather relevant financial records, and generate financial statements and reports to provide an overview of your organization.
  3. Communicate with the accountant or auditor, and ask questions when you don’t understand what’s happening. To get the most benefit from the process, be transparent and willing to answer all questions in a timely fashion.
  4. Implement the suggestions given to you by the auditor or accounting firm.

References & Resources

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