There are a lot of accountants that service the Reg CF and Reg A+ industry, but not all of them are created equal. While the standards and principles are the same for all firms, there are firms that are better suited for certain situations. Here are some things you should ask and why.
- Are you familiar with the rules of Reg CF or Reg A+ and have you worked on this before
While it's not necessary to have done this before, it's good to use someone who is familiar with the process, especially on the Reg A+ side.
- Are you in good standing with your state board of accountancy and can you issue audit or review reports?
While most firms are in good standing, not all are allowed to issue review and audit reports. Many firms can only provide tax and consulting work.
- Are you a PCAOB registered firm?
If you have a goal to go public or be on the OTC, you will need a PCAOB registered firm. Only about 1000 firms in the use are, and only about 3-400 will issue a PCAOB audit report. Even fewer do so regularly. Know the qualifications that are needed for your company's long term goals.
It's important when you talk to any service provider, that you don't solely choose based on price. Often times there is a reason one firm may quote significantly lower than another. Choose based on qualification, experience, and your gut feeling of who you want to work with.