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First Time Audit Questions

Hello,

I live in country where annual audit is required, I run online business which is service oriented which I opened last year. I am just a startup where I am the only one working for it.

I am using quickbooks for accounting and I am curious how audit process work, I have following questions:

- Normally what documents do external auditors ask or I give to auditors?
- I use different payment gateways like paypal, bitcoin, bank deposit, credit cards, wire transfers and other to receive online payment, do auditors ask statements of every payment gateway or just bank statement?
- My clients are international, I have no communication with my clients do auditors contact clients for verification?

Thanks in advance.

Answers

Randy Moore
Title: CFO
Company: SJB Bagel Makers
(CFO, SJB Bagel Makers) |

These are good questions to ask your auditors.

292 views

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