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Three Steps to Tackling the Request List

During the proposal process we share what we believe sets us apart from other CPA firms in the level of interaction we have with our clients ahead of actual audit fieldwork. The kickoff meeting and pre-planning are both opportunities for us to learn more about the specifics of your business and bring that knowledge back to our team. On the other side of the coin is the preparation that you and your team will need to do in providing us information so we can perform the audit. We know the list can seem daunting, especially if this is your first audit, so we’d now like to turn to how you tackle that Request List most effectively.

Don’t Do Anything Yet

We understand that in an early-stage company, it’s about taking action. In this case, hold off jumping in with both feet for now and just review the request list to make sure you feel confident of what we are asking for. If you have any questions on any of the items on the list, reach out to us and ask. We have no expectation that you are the GAAP expert, that’s why we’re here. We don’t bill for phone calls, and the more time we spend answering your questions now, the less time you spend spinning your wheels and answering questions later.

Utilize Other Resources on Your Team

Once you understand what we’re asking for, now it’s about leveraging the right internal resources to prepare the information. Where appropriate, delegate to others on your team. Consider who else within your company you may need to confer with to pull these items together. Depending on your specific situation that could include your attorney, fellow founders or CFO, if you have one. Get in front of them early so that you’re not rushing to get their time during the week we’re actually at your location. It makes it a better experience for everyone.

Avoidance is not the Answer

Don’t avoid items on the list you don’t have complete understanding of or that seem overly complex. If it’s on the list, it means we will need it. Delaying any response simply pushes the issue back to a point where there may be less time to deal with it while we’re on site. If it’s on the list, it’s information we’ll need sooner or later.  If there is uncertainty about what we need or you need some assistance with the request, give us a call so we can walk you through it together.

We know the request list can feel daunting, even for those who have been through an audit before. We hope that these three steps have helped you to plan on how you’ll tackle it. Know that we want you to reach out to us along the way, with any and every question you have. We believe that this is critically important to the success of the project and to make it a positive experience for you. We look forward to working with you!