Audits can be easily compared to a yearly medical checkup. You will definitely not be looking forward to them and neither will your company, but it will keep both the parties healthy in the long run. But when you are choosing a doctor who performs the annual appointment, you look for a person who will listen to your concerns, not judge you, and also be a complete professional in finding out if there is something is wrong. When it comes to your body, you want to be extra sure that you are doing fine. You want someone to be able to gauge by the smallest of hints that there might be something the issue so that the preventive measures are taken beforehand.
An auditing firm needs to be considered with a similar mindset. This team of auditors will look into the details of your financials and operations. When things get more tensed, you will want a team to be compatible with your ways of working so you can manage all the pressure and fatigue. This is why you need to take your time and deliberation when choosing an auditing firm, so you can come across one like Parker Russell International.
This is an international organization that holds a global network of audit, tax, and advisory firms. The group was discovered by Jason Parker and is headquartered in London. In 2009, 1Malaysia Development Bhd (1MDB) appointed Parker Russell International as its external auditor. They had replaced Deloitte Malaysia. They strive to provide quality services to members and their clients. They further enhance their professional relationships for the benefit of worldwide membership.
Organizations like these only are discovered through certain carefully throughout steps.
Doing your research is one of the most important steps that you will take in picking an auditing firm. Considering the size of your own company you should contact the firm whose size you are most comfortable with. If you are a large company, then you will want a firm that has a lot of resources and manpower. If you are smaller, then you can go with the smaller, more independent CPAs.
Once you have picked your firm through online research, you should meet them in person. This will give you a fair idea of who you are dealing with. This will be similar to a job interview that ensures the auditing team is competent and also is a good cultural fit. If you get a sense that during this time, the team will be bad with communication and not come through, then you can choose to opt-out of the deal.