Auditor – contact details - Swedish Ventures

Auditor Contact Details refer to the essential information regarding the accounting or auditing firm responsible for reviewing a startup’s financial records. Auditors play a key role in ensuring compliance, financial accuracy, and transparency, which is crucial for investors, regulators, and business partners.

Key Auditor Details for a Startup

Firm or Auditor Name
o The official name of the individual auditor or auditing firm overseeing the startup’s financial reviews.
o May specialize in startup accounting, venture capital audits, or compliance checks.
Contact Information
o Office address for audit-related meetings.
o Email and phone number of the auditor or audit firm.
o Website for reference or inquiries.
Scope of Services Provided
o Financial statement audits (profit & loss, balance sheetsA Balance Sheet is a financial statement that provides a snapshot of a startup’s financial position at a given point in time. It shows what the company owns (assets), owes (liabilities), and the remaining value for owners (equity). Key Components of a Startup’s Balance Sheet: • Assets (What the company owns)o Current Assets: Cash, accounts receivable, inventory, short-term investments.o Fixed/Long-Term Assets: Equipment, real estate, intellectual property (e.g., patents, trademarks).o Intangible Assets: Brand reputation, goodwill, software rights. • Liabilities (What the company owes)o Current Liabilities: Short-term debts, accounts payable (money owed to suppliers), payroll obligations.o Long-Term Liabilities: Loans, investor obligations, lease..., cash flow reviews).
o Compliance audits to ensure tax and legal obligations are met.
o Internal audits for operational efficiency and risk management.
o Due diligence audits for investment rounds or acquisitions.
Regulatory Certifications & Standards
o Certifications such as CPA (Certified Public Accountant) or Chartered Accountant (CA).
o Adherence to local accounting standards (IFRS, GAAP, or country-specific regulations).
Engagement Terms & Fees
o Whether the auditor is engaged on a retainer basis, project basis, or for annual audits.
o Typical fee structure based on startup size and audit complexity.
Audit Frequency & Reporting
o Yearly, quarterly, or case-specific audits for investor reporting or regulatory submissions.
o Reports provided to management, shareholders, or external authorities.

Why Auditors Matter for Startups

Investor & Stakeholder Trust: Ensures financial accuracy, building credibility.
Regulatory Compliance: Prevents legal issues related to financial misreporting.
Operational Efficiency: Helps identify financial risks and areas for improvement.
Fundraising Readiness: Investors often require audited financials before funding rounds.

Written by Swedish Ventures, Rolf Olsson. Remarks to this article could be sent to glossary@swedishventures.se.

ASO: DD-03-12