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Why use an authorised accounting firm?
Simply because time is money. For any company it is more profitable to concentrate on
their own core business and leave the figures to the experts. For a small-to-medium-sized
company it is even more profitable because keeping accounts yourself proves just too
costly. Using an authorised accounting firm guarantees value for money, and the expertise
is always there.
It is strongly recommended that the accounting firm and its client enter into a formal written
agreement on the scope and price of the services to be supplied. The most common terms of
payment are either an hourly rate or a fixed charge per entry. As a client, always request
a cost estimate – and keep your costs down by making sure you fulfil your part of the
deal.
An accounting firm can be accepted as a member of the Association only if it fulfils
certain requirements:
• The management has an appropriate commercial education background
• The management is sufficiently engaged in the accounting business to maintain their
professional skills
• The management has passed the KLT accounting examination
• The firm has operated for at least two years
• The firm is able to operate independently
• The firm maintains the professional skills of its staff
• The firm follows good accounting practice
• The firm is inspected at the time of its membership application and at regular
intervals during membership
These measures are designed to guarantee a standard of expertise that will directly
benefit the client company. They also enable you to make a quick evaluation of your
potential accounting partner. Just check whether the firm is a member of the Association
of Finnish Accounting Firms. |