Important Questions
to Ask a Prospective CPA Firm
There are few relationships in business today that are more
important than your relationship with a CPA firm. When
interviewing firms for possible engagement, you should ask a
series of questions that will help determine the firm that will
be the best fit with your business and offer long-term
service and advice with a high level of comfort and
confidence.
Q. Are the principals of the firm directly involved with
daily client work and familiar with the details of
each client?
A. We value the professional relationships that our
principals have with our clients. We have a strong
client service philosophy, which means our principals
are directly involved in all engagements and are
accessible to our clients.
Q.
Does the firm have the resources I require yet
provide personal service so I feel like an important
client?
A. Every client is important to our firm. Through our
staff, technologies used, and research tools
available to us, we have the resources that our
clients deserve. Coupled with our client service
philosophy, this ensures that our clients receive
professional, responsive, and personal service.
Q. What is the turnover rate of the firm?
A. We pride ourselves on being an excellent employer
and encouraging a healthy work/personal life balance.
We believe this is one way we have been able to
keep our turnover rate below industry standard
levels. This historically low turnover rate enables us
to build relationships with client personnel and use
a consistent team to provide service.
Q. this a firm that will be accepted by my banks
Is
and other financial statement users?
A. We routinely work with lenders, surety companies,
and attorneys to provide the best service to our
mutual clients.
Q. Is the firm enrolled in an AICPA-approved practice
monitoring program and, thus, subject to the peer
review requirements that such enrollment entails?
A. Our firm is enrolled in the AICPA Private Companies
Practice Section and has had eight peer reviews since
our inception. In all cases, we have received the
highest possible rating. In addition, we are members of
the AICPA’s Employee Benefit Plan Audit Quality Center,
the Governmental Audit Quality Center, and the Center
for Audit Quality. These Centers require CPA firms to
meet additional educational and industry knowledge
standards.
Q. Is your firm dedicated to a continuous learning
process?
A. All of our professional staff meet or exceed the
continuing education requirements set forth by
licensure and regulatory organizations. Additionally,
we provide leadership and other types of training as
well as reading and other enrichment programs to
promote a continuous learning culture.
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