Audit/Review Client Evaluation Questionnaire Step 1 of 9 11% Name of Company(Required)Contact Person(Required) First Last Contact Email(Required) Phone(Required)Contact Phone(Required)Type of Engagement Audit Review Compilation Preparation Is there a Parent Company?(Required) Yes No If yes, please provide name of the company.Year(s) under Audit/ReviewEstimated Deadline for CompletionIndustry SegmentNACE or NAIC Code (if applicable)Is there a Group Auditor? Yes No If yes, why is the Group Auditor not selecting the auditor of the subsidiary?Which accounting standard is the audit being conducted (i.e, IFRS, USA GAAP?) IFRS USA GAAP Others, please specify Which accounting standard is the audit being conductedWhich auditing standard is the audit being conducted (i.e, ISA, GAAS, PCAOB?) ISA USA GAAS USA PCAOB Others, please specify Which auditing standard is the audit being conducted Can you tell me about your company and its operations?What are the main risks facing your company?Revenue and Expense Breakdown: Can you provide a broad breakdown of your company's revenue sources and expenses? Who are your major customers and suppliers?Are there any pending legal or regulatory issues that may impact your company's financial statements?Who is responsible for the company's financial reporting and accounting processes?How many qualified/chartered accountants are handling financial reporting and accounting?Have there been any significant changes to your company's accounting policies or procedures in the past year?How does your company handle internal control and risk management? Are there any other auditors or accountants that work with your company, such as tax advisors or internal auditors?Has a key member of management been convicted of a criminal offense or been suspended or sanctioned by an administrative body?Does management accept unusually high risks or take extremely aggressive positions in the conduct of the business?What is the attitude of management toward creating and maintaining an effective system of internal control?Has the company had a financial review, Agreed Upon Procedures (AUP) or an audit in the past 3 years? Yes No I'm not entirely sure Did the prior auditor or reviewer refuse to do this audit or disagree with the company regarding accounting principles or auditing procedures?What is the nature of the most recent audit or review opinion?Has the predecessor auditor/reviewer’s fees been paid in full, and if not, why?Will you allow us to speak with the prior audit firm and get access to their work papers?Did prior auditor provide any other related services such as tax preparations? Is the company or any of its senior management team involved in, or about to be involved in litigation? If so, with whom andwhy.Is the company embroiled in a dispute with a regulatory agency that might lead to litigation and negative public attention to the corporation and the auditor?Does the company pose a "going-concern" question?Is the company tax compliant with respect to filing all required taxes?Has the company performed better or worse than other corporations in its industry have?Whose is the ultimate end user of the audit report?Please list another people or organization for which the final audit report will be submitted:Are your financial procedures sufficient to prevent or expose fraud or unauthorized transactions?Have you set up limits on spending? Are these known and acknowledged? Which accounting software does the company use to prepare financial reports?How many members of the Board? How many are non-executive Board members?How often does the Board of Directors meet?Does your board have adequate information to make informed decisions (properly prepared balance sheets, profit and loss statements, cash flow reports, etc.)?How often do you produce financial reports for the Board?Is there any significant risk we should be aware of or consider before submitting a proposal or accepting this engagement? Are there any significant related party transactions within the company?Does the company have employee benefit plans (e.g., pension, healthcare) that require auditing or review?Were there any significant capital expenditures in the past year or planned for the near future?How have recent economic conditions or industry trends impacted the company's financial performance?Does the company have a documented code of conduct and ethical practices in place, and how are they enforced?Does the company maintain insurance coverage for risks that may impact financial statements (e.g., product liability, business interruption)?How has the COVID-19 pandemic affected the company's operations and financial results?Are there any key business functions that are outsourced, and if so, how is oversight maintained?Are there any key business functions that are outsourced, and if so, how is oversight maintained?Are there any significant contracts, agreements, or commitments that could impact the company's financial statements? Have there been any recent changes in laws or regulations that may affect financial reporting?Are there any unusual or one-time transactions that should be highlighted in the audit/review?a. Does the company have significant lease agreements for real estate, equipment, or other assets? (Yes/No) Yes No I'm not sure Please provide an overview of the nature and scope of these lease agreements, including the types of assets leased and the total lease obligations.Does the company have a detailed reconciliation process for all balance sheet accounts?Are there any significant or unusual balances on the balance sheet that may require special attention?Does the company maintain a comprehensive fixed asset schedule that includes all significant assets? Are you a non for profit establishment? Yes No Please provide the number of independent contractors engaged by the organization.Kindly furnish the total number of donations received above USD 5,000.Could you please provide the number of individuals or organizations that have been awarded grants or recognition by the organization?Please specify the total number of grants and awards bestowed upon individuals by the organization.Kindly provide a detailed breakdown of related party transactions for the organization.Could you please disclose the number of fundraising events organized by the organization?For each fundraising event, please provide a detailed breakdown of the associated costs and revenues.Please specify the total number of individuals serving on the organization's Board of Directors.Kindly differentiate between the total number of Board of Directors members and those considered independent.Please confirm whether the organization is currently undergoing an audit by the Internal Revenue Service (IRS).Please provide a list of all states in which your organization operates or conducts fundraising activities. California Arizona Massachusetts Texas New York NameThis field is for validation purposes and should be left unchanged. Share
