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Performance Parameter of CPA
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Description
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Lead time to start audit work
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- If the audit staff of the CPA follow up your case long (2-3 weeks) after the submission of the audit documentation, the CPA may be out of manpower for handling your case and other cases. You may face a penalty for expired tax returns if there is a delay in document complements.
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Completion time for Audit
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- The following factors affecting the time frame for audit assignment:
- Complexity and Risk of Audit
- Correctness, Clarity and Completeness of the transaction accounts and its running system
- Clients’ support (e.g. Complete audit submission by the clients)
- Manpower of the CPA and hence its efficiency
It is necessary for CPA to consider manpower and time needed in collecting complete audit documents from clients to arrange a reasonable audit assignment cycle.
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Staff stability
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- Stability of the audit staff directly affects the quality of services
- Consideration from the perspective of the client reduces the time frame in learning and meeting their requirement. It allows more tailor-made audit services.
- Staff mobility (especially during auditing) may delay the audit assignment, and hence auditing and tax returns are unable to meet the deadline.
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