{"id":61,"date":"2009-02-08T19:11:06","date_gmt":"2009-02-09T01:11:06","guid":{"rendered":"http:\/\/cfo.markbaileyco.com\/?p=61"},"modified":"2009-02-08T19:11:06","modified_gmt":"2009-02-09T01:11:06","slug":"proactively-controlling-your-audit-fee","status":"publish","type":"post","link":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/2009\/02\/08\/proactively-controlling-your-audit-fee\/","title":{"rendered":"Proactively Controlling Your Audit Fee"},"content":{"rendered":"

For many firms it is that time of year.\u00a0 The annual invasion of that group of\u00a0 mind numbing, routine interrupting, standards spouting unwelcome invaders – your independent auditors!\u00a0 And they are expensive!\u00a0 Reflectively they can make you want to trade their presence\u00a0 for an unannounced three month visit from your cantankerous incontinent father-in-law who never speaks directly to you and who for fifteen years has\u00a0 referred to you only\u00a0 as “him \/ her”.\u00a0 An article published in cfo.com, Auditor Angst<\/a>, has some great points to not only help you survive, but to reduce the expense at the same time.\u00a0 While the article primarily focuses on what the company can\/should do there is obviously a lot the auditors can do as well.<\/p>\n

Demand that they communicate.\u00a0 Timing, needs and expectations, and cost.\u00a0 We are a fixed fee firm and use a Client Service Agreement<\/a> to accomplish this.\u00a0 If your auditor bills by the hour it is even more critical to have a clear understanding in advance.\u00a0 Discuss significant transactions and new accounting standards with your audit firm before your year end.\u00a0 They can and should help you.\u00a0 Doing it wrong and then having to correct it causes unnecessary expense and delays.\u00a0 I know there has to be lots of gripes from the companies side.\u00a0 What’s your pet peeve(s)?<\/p>\n","protected":false},"excerpt":{"rendered":"

For many firms it is that time of year.\u00a0 The annual invasion of that group of\u00a0 mind numbing, routine interrupting, standards spouting unwelcome invaders – your independent auditors!\u00a0 And they are expensive!\u00a0 Reflectively they can make you want to trade their presence\u00a0 for an unannounced three month visit from your cantankerous incontinent father-in-law who never … Continue reading “Proactively Controlling Your Audit Fee”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,44,37],"tags":[12,43],"class_list":["post-61","post","type-post","status-publish","format-standard","hentry","category-accounting","category-board-corner","category-decomplexifying-accounting","tag-accounting","tag-audit-fee"],"_links":{"self":[{"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=61"}],"version-history":[{"count":0,"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/61\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=61"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=61"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.excelsisaccounting.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}