Why Auditors Ask So Many Questions (and Why It’s Actually a Good Thing)
Chitra Jhamtani
Chartered Accountant| Audit & Assurance | Accounting | Corporate Tax | VAT
Let’s be real: if you’ve ever been through an audit, you’ve probably asked yourself, “Why do auditors ask so many questions?!” It can feel like they’re questioning everything, and sometimes, it’s downright exhausting.
But here’s the kicker: every single question has a purpose, and—believe it or not—it’s designed to help your business.
In this post, I’ll uncover the real reason why auditors ask all those questions and why you should actually appreciate it. Ready?
1. Auditors: The Unseen Business Coaches
Imagine this: you’re running a marathon, and just when you think you’ve nailed your pace, someone on the sidelines starts giving you tips on how to shave 5 minutes off your time. At first, it’s frustrating. But then you realize—they’re helping you run a better race.
That’s what auditors do.
When they ask, “Why are you doing it this way?” or “Can you explain this decision?”, they’re helping you identify ways to improve your processes. Auditors aren’t just checking boxes; they’re uncovering insights that can make your business run smoother, faster, and more efficiently. ??♂???
2. Questions = Opportunities
Here’s the secret: every time an auditor asks a question, it’s an opportunity for you to rethink how your business operates. If they keep probing into the same areas, maybe there’s a pattern there—an opportunity to simplify, streamline, or strengthen.
For example, let’s say they ask about your invoice process multiple times. Instead of getting frustrated, consider this: could there be a more efficient way to handle it? Every question is a potential gateway to improved efficiency. ??
3. Unmasking Hidden Risks Before They Bite
The truth is, auditors are risk-hunters. They’re trained to see what others often miss. Their questions might bring to light risks you didn’t even know existed.
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Ever been asked why you’re sticking with a certain vendor or why a transaction looks different from the usual? These are not just compliance checks—they’re safety nets. Sometimes, those questions uncover vulnerabilities that can save you from bigger headaches down the road. Think of auditors as your business’s insurance policy against future surprises. ??
4. Keeping You Ahead of the Compliance Game
We all know regulations change faster than we can keep up with. VAT adjustments, new accounting standards, updated tax rules—how can anyone stay on top of it all? ??
That’s where auditors come in. Their endless questions ensure that you’re not just ticking the compliance boxes today, but that you’re also prepared for tomorrow. They’re the ones helping you avoid penalties and keep your business running smoothly. ???
5. Building Trust: It’s Not Just About You
Here’s the big picture: the questions auditors ask aren’t just for your benefit. They also build trust with your stakeholders—whether that’s investors, regulators, or even employees.
By answering your auditor’s questions fully and transparently, you’re showing the world that your business takes financial integrity seriously. And let’s face it, trust is priceless in today’s business landscape. ????
The Bottom Line: Embrace the Questions
So, next time you’re in an audit meeting and feel the barrage of questions coming your way, remember this: those questions are there to help, not hinder. The more you engage with them, the more you’ll uncover about your own business—and the more opportunities you’ll have to grow.
Auditors aren’t the enemy; they’re the partners you didn’t know you needed. ??
What’s been your experience with auditors? Love ‘em, hate ‘em, or somewhere in between? Drop your thoughts in the comments below!
Managing Director
5 个月"Such a relatable topic! ?? Audits can feel overwhelming, but those tough questions often highlight areas we tend to overlook. Instead of dreading them, embracing the process can lead to improvements that ultimately strengthen the business ??. I always think of auditors as partners in helping us find blind spots and optimize operations. Excited to read more—thanks for this perspective!"
Founder | Arogya Yatra & Oxygen Mastermind New Dubai | Wellness Champion | Queen of Laughter Yoga DXB Let’s make wellness fun and accessible for everyone
5 个月Very well written and informative Chitra Jhamtani
Event Specialist | Corporate events | Gala Dinners | Bespoke Event Expert
5 个月Loving the informative series you’ve begun!