Organizations of all types and sizes often require an independent auditor to provide an objective examination of their accounting records and financial statements. Or sometimes, organizations may not be required to have an audit, but they choose to engage an auditor. This typically occurs when investors, lenders, shareholders and other stakeholders need a high level of assurance that the financial statements they are basing their decisions on accurately reflect the organization's financial condition and results of operations.
If you decide to hire an auditor, how do you go about choosing the right one for your organization? This article describes how you can create an effective audit procurement process to select the right auditor for your organization.
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