As per the topaccountingdegrees.org the 5 characteristics of best audit firms are as below and Spectrum auditing satisfy all the qualities.
Our qualities are:
- Experienced Work force
- Ability to understand different business needs
- Dependable and punctual
- Ability to communicate
- Ability to make independent decision
1. Experienced Work Force
An auditor should have the required knowledge on accounting, business and taxation law. Skills are not enough experience is what makes one knowledgeable in the field. The more audits he has completed, the more knowledge he gets in the field.
2. Ability to understand different business needs
To come up with a successful audit, they must first understand what the business entails. An auditor can quickly analyze a company set up and find a working strategy no matter how big the organization is. If they have people working under them, their organization skills help them to work smoothly and lead their team confidently.
3. Dependable and punctual
Can the auditor keep to the designated schedule? Can they attend meetings on time and offer prompt feedback on the work progress? These are important auditor characteristics to look for. The work of the auditor may affect some inside operations, therefore, following the set guidelines and ensuring the work is complete on time is important. On the same note, an auditor should be trustworthy and decisive. They should not share company information with third parties. Sometimes, auditors come across sensitive information. They should only disclose this to the concerned parties.
4. Ability to communicate
They can be a skilled auditor when it comes to compiling reports, but if they cannot convincingly communicate when called upon to present their work, the effort will be futile. They should be patient and have skills to elaborate points to the satisfaction of the auditee.
5. Ability to make independent decision
They should not have any personal interests or favoritism. When some findings are not clear, they should not settle until they gets to the bottom of the issue. Where they need to ask questions or have points clarified, they can face the authorities without shame. This is a key characteristic of an auditor.
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