5 Questions to Ask Accounting Firms Before Hiring Them

General CPA


Selecting the right accounting firm can be a daunting task, especially for individuals or businesses with little experience in accounting. However, finding the right accounting firm is crucial for the financial success of any business or individual. In this article, we’ll provide you with five essential questions to ask accounting firms before hiring them to ensure that you are making the right choice.

When Selecting an Accounting Firm:

Before we dive into the top questions to ask accounting firms, let’s first consider some common pain points that customers often face when selecting an accounting firm. These include:

  • Finding a firm that suits their specific needs
  • Uncertainty about the services provided by the accounting firm
  • Concerns about the cost of accounting services
  • Lack of transparency in communication and reporting
  • Difficulty in finding a reliable accounting firm

By asking the right questions, you can eliminate these pain points and find an accounting firm that meets your needs.

5 Essential Questions to Ask Accounting Firms

Question #1: What Services Do You Offer?

The first question to ask an accounting firm is about the scope of services they offer. It’s essential to know whether they provide your required services, such as tax preparation, bookkeeping, financial planning, or auditing. Additionally, it’s helpful to understand the range of industries they serve and whether they have experience working with businesses similar to yours.

Question #2: What Are Your Fees?

The second question to ask an accounting firm is about their fees. It’s essential to understand how much they charge for their services and whether they bill hourly or on a project basis. Additionally, you should ask if there are any hidden fees, such as charges for phone consultations or other services that may not be included in their standard fee structure.

Question #3: How Do You Ensure Confidentiality?

The third question to ask an accounting firm is about confidentiality. Knowing how they protect your confidential information, such as your financial data, from unauthorized access and theft is essential. Additionally, you should ask about their internal security policies and procedures.

Question #4: How Do You Communicate with Your Clients?

The fourth question to ask an accounting firm is about communication. Knowing how often you will receive reports and updates on your financial status and whether you have chosen a dedicated point of contact for your account is helpful. Additionally, you should ask about the firm’s response time to client inquiries.

Question #5: Can You Provide References or Testimonials?

The fifth question to ask an accounting firm is about references or testimonials. Understanding the firm’s track record and experience working with clients in your industry is essential. Requesting references or testimonials from past or current clients can provide valuable insight into the quality of their services.

Potential Benefits of Asking These Questions

Asking these five questions can help you identify the right accounting firm for your needs and alleviate any concerns or uncertainties you may have. By knowing the scope of services offered, the cost structure, the security protocols and communication procedures, and the firm’s experience and track record, you can make an informed decision that leads to a successful partnership with a reliable accounting firm.

At Hooker CPA, we are committed to providing excellent accounting services to individuals and businesses. We encourage our potential clients to ask us these questions to ensure that we are the right fit for their specific needs. Contact us today to learn more about our accounting services and how we can help you achieve your financial goals.