Auditing plays a fundamental role within your company. Even with the limitation of service to the scope of contracted work, often aimed at examining accounts, the auditor should, as much as possible, turn his attention to all the contributions he can make to help the company develop its business. On the other hand, in some situations, any mistake or omission in the execution of the work by the audit can cause great damages, so it is necessary that the organization make sure that it is hiring the company or the right professional for this work, since the trust is one of the main requirements for the service.
Registration, before hiring an audit or a specialized professional, make sure that the selected company or person has the technical competence to perform the function. One way to prove this experience is through the information available. Audit professionals in Dublin, in order to be properly licensed, must prove that they have the capacity to act in the area, including proving professional experience
For experience assessment, ask for references, contact other companies in which some auditors’ work has been done and analyse how this experience was, to try to understand the satisfaction of who contracted the service, the achievements of the company or the professional, among other important information.
Structure, evaluate the structure behind who presents to be your auditor. Nowadays, more than in the past, with the increasing complexity of business, multidisciplinary knowledge is also required of auditors. Remember that the professional you are contacting to do the audit work can be at most one of the components of a team that will have to be much larger, more qualified and mainly stable in order to serve your company in the best way possible.
Ethics is one of the main characteristics of a company or professional auditors, some actions or behaviours can help to identify if the auditor is a reliable person, in addition to researching their historical past, of course. When discussing with an audit firm, assess their position: check whether it reveals internal information from other companies, whether it criticizes the competition or has a non-ethical speech about organizations that they have previously met. Among other things that should not be part of a professional’s attitude in which you will have to have confidence to open your books and information.
Price – do not rate the budget by itself. Try to understand the cost-benefit ratio of the audit service you are hiring. The company or independent auditor must be reasonable in calculating the proposed fees in order to ensure that both organizations have advantages in the value of the business relationship. The value of money has to be a prerequisite for all business expenses and professional audit fees are no exception. However, the lower price as a criterion for defining an independent audit service may imply a reduction in the level of quality of the audit service that will be offered to you.
Auditing is a complex job that can be applied in certain areas of the company or in the organization as a whole. It is essential to know well the work of an auditor before hiring this type of service, so it will be easier to assess whether the independent audit firm or the hired professional can achieve the goal desired by the organization.