Audit Support Services

Auditing entails a significant level of accountability and analytical acumen for auditors. Their role involves meticulously verifying the credibility, pertinence, and caliber of a client's financial statements, drawing upon pertinent evidence.

In essence, auditing is an endeavor that demands substantial investments in terms of resources, time, and frequently entails significant ramifications for both accountants and their clientele.

By availing the services of our expert team who dedicate their expertise exclusively to processing audit working papers, CPA firms can effectively eradicate the probability of errors or missed deadlines, thereby ensuring the dissemination of high-caliber financial disclosures.

Moreover, this approach grants the CPA firms the freedom to allocate their time to new clients and seize opportunities for expanding their firm's operations.

How do we help you:

I) Audit Planning and documentation stage:

• Providing comprehensive assistance in auditing by engaging in effective communication with audit clients/ audit team for queries and concerns.
• Setting of database and roll forward from prior year ('PY') before starting evidence gathering activity (EGA)
• Undertaking systematic walkthrough procedures to analyze the effectiveness of internal controls and process controls.
• Performing audit evidence gathering activities (EGA) by following different techniques like inspection, observation, confirmation, recalculation, reperformance and analytical procedures.

II) Audit execution stage:

• Conducting substantive and analytical examinations.
• Performing tests on specific details such as revenue and property, plant, and equipment.
• Testing and verifying the effectiveness of controls.
• Ensuring accuracy in financial statements through mathematical checks, comparison with previous year's data, and internal consistency evaluations.
• Analyzing balance sheets, income statements, and revenue breakdowns.
• Evaluating the accuracy of cash flow statements and earnings per share calculations.
• Conducting routine examinations of journal entries and earnings per share calculations. verifying the accuracy of provided information.

III) Audit completion stage:

• Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts.
• Drafting Management representation letters, Audit reports, and other reports
• Rolling forward and archival of database
• Rolling forward of electronic audit file on Audit software