With stricter exams and more stringent requirements for auditors and accountants, the admission process to this industry is getting tighter. As a result of regulation, the pool of qualified practicing accountants is shrinking. However, it is possible to find the perfect firm. It is not possible to find the perfect accountant, but a firm.
Although the advertising of accountants is strictly controlled by these agencies, most are allowed to advertise in the Yellow Pages and newspapers. The best form of advertising for accountants is a website. You will find many firms that offer their services if you look through Yellow Pages, newspapers, or any search engine on the internet. You can also visit their website such as www.wlp.com.sg/xero-online-accounting to evaluate their services.
There are varying fees, but you can compare the cost of services and the speed with which assignments and projects are delivered. You should be happy with the level of service provided. However, you must accept that the fee is a significant amount. Do not choose a firm that is cheaper than you would prefer to negotiate rates.
An engagement letter (or "agreement") will be prepared by a professional firm. Before you authorize the firm to work, insist on such an agreement. This agreement should specify the services provided, the rates, and the terms. You can also resolve potential disputes by including this agreement.
Do your research before you choose the first candidate. You will establish a long-lasting business relationship if you do your research. It is good for your business to have a loyal relationship with an accounting company.