Audit Outsourcing
“Audits demand individuals with specialized expertise and skills to ensure high-quality outcomes – and we take pride in being among those professionals.”
About Outsourcing – Audit & Assurance
In today’s dynamic financial environment, Audit firms are confronted with complex and intricated audit procedures. With increase in regulatory requirements financial transactions has become more stringent, the imperative for thorough and exhaustive audits becomes undeniable. To confront these challenges head-on, there is a noticeable trend towards enlisting external support for audit services. In the high-pressure environment of audit season, meeting deadlines for financial statement filings is paramount. This crucial period demands a seamless search for qualified resources to ensure timely completion. Furthermore, in today’s world remote work has emerged as a valuable asset in the audit process.
Recognizing these needs, we specialize in supporting Audit and CPA firms by facilitating a deeper understanding of their clients’ businesses and facilitating efficient completion of audit timelines. Our dedicated audit team offers systematic assistance across various industries, providing invaluable support in all audit areas. Let us help strengthen and expand our partnership by ensuring your audit processes run smoothly, even in the face of tight deadlines and unprecedented circumstances.
What We Provide:
1: We offer a comprehensive range of audit services including statutory and internal audits adhering to relevant reporting standards such as US GAAP, UK GAAP & IFRS etc. Our expertise extends to group auditing, single audits, component audits for group auditors, as well as governmental and public sector audits.
2: In addition to audit services, we provide financial reporting services encompassing GAAP conversions and preparation of financial statements in accordance with local GAAPs and IFRS. Our aim is to assist our clients and member firms in achieving their objectives by implementing a structured, closely monitored process to evaluate and enhance the efficiency of procedures, overall control, and risk management.
Process Followed:
Upon engagement with a firm , Audit firms undergo a thorough onboarding process. This involves comprehensively understanding the firm’s unique audit requirements, challenges, and objectives to customize support services accordingly.
Leveraging India’s extensive talent pool, the outsourcing firm assigns a dedicated team of audit professionals to the client. This team undergoes tailored training based on the client’s requirements, ensuring their adeptness in efficiently handling tasks.
We prioritize transparent and continuous communication. They establish dedicated communication channels, including regular video conferences, emails, or specialized collaboration platforms, to ensure seamless interaction between the CPA firm and the outsourced team.
Acknowledging the significance of technology in modern audit processes, outsourced firms integrate cutting-edge audit software and tools customized to the client’s needs. This ensures real-time data access, streamlined operations, and improved accuracy in the audit process.
Leading outsourcing firms implement a robust quality assurance mechanism. They conduct regular checks and audits to uphold the highest service standards. Moreover, they actively solicit feedback from clients to continually refine and enhance their processes.