Global Compliance. Audit-Ready Financials. Zero Stress.
Audit Support refers to the specialized "Pre-Audit" assistance provided to international companies to prepare their financial records, schedules, and documentation before their local external auditor begins the statutory review. For businesses operating in high-regulation markets (like the US, UK, Canada, or Australia), the audit process can be costly and disruptive.
The Core Concept: We do not replace your local external auditor. Instead, we act as your dedicated offshore preparation team. By working remotely from our location, we clean up your books, reconcile discrepancies, and prepare the detailed "Audit Work Papers" required by your country’s regulations. This ensures that when your local auditor reviews your files, the data is perfect—drastically reducing your audit fees and timeline.
As a consultancy firm, our primary focus is supporting foreign entities by ensuring their accounts align with International Financial Reporting Standards (IFRS), US GAAP, or their specific local mandates before the official audit cycle begins.
TYPES OF AUDIT SUPPORT SERVICES
(Specialized for Foreign Entities)
Remote Pre-Audit Health Check Before your local auditor logs in, we conduct a rigorous mock audit of your books remotely. We identify missing invoices, unrecorded liabilities, and potential red flags, fixing them in advance to prevent "qualified" or negative audit reports.
Financial Statement Preparation (GAAP/IFRS) We draft your financial statements—Balance Sheet, P&L, Cash Flow, and Notes to Accounts—in strict accordance with the accounting standards of your specific country (e.g., preparing US GAAP financials for American clients or FRS for UK clients).
Audit Schedule & Work Paper Creation Auditors require detailed "schedules" (breakdowns of prepaid expenses, fixed assets, accruals) to verify numbers. We generate these comprehensive work papers remotely, giving your auditor immediate evidence for every figure in the ledger.
Auditor Query Management During the audit, your external auditor will have hundreds of questions. We act as the first line of defense, answering technical queries and providing requested documents on your behalf, saving your internal management team from constant interruptions.
Internal Control Testing (SOX/Compliance) We review your internal financial controls—such as expense approvals and bank access rights—to ensure they meet the rigorous compliance standards required by foreign regulators.
KEY FEATURES OF AUDIT SUPPORT
- International Standards Expertise: Our team is proficient in global frameworks like IFRS, US GAAP, and UK GAAP.
- Cost Reduction: By presenting clean, organized data, we reduce the billable hours your external auditor spends on the file, significantly lowering your total audit fee.
- Time-Zone Advantage: We work while your auditor sleeps. If they send a query list in the evening, we have the answers and reports ready in their inbox by your morning.
- System Agnostic: We work directly within your cloud accounting software (QuickBooks, NetSuite, Xero, SAP) to extract necessary data without moving files.
- Data Security: All work papers and financial data are handled via encrypted channels, ensuring strict client confidentiality across borders.
ELIGIBILITY CRITERIA
- Foreign Entities: Companies incorporated outside our country that are subject to statutory or voluntary audits.
- Digital Operations: Businesses that maintain electronic records and are willing to share "View Only" access to their accounting platforms.
- Audit Mandate: Companies approaching their fiscal year-end or those undergoing due diligence for funding/acquisition.
- Volume: Suitable for everything from small foreign subsidiaries to large multinational corporations requiring consolidated support.
HOW OUR CONSULTANCY HELPS
- The "Bridge" Role: We translate complex audit requirements into simple tasks, acting as the technical bridge between your business operations and the external auditor.
- Documentation Readiness: We ensure every invoice, contract, and bank statement is digitally organized and mapped to the transaction entry.
- Process Efficiency: We proactively create the "Prepared by Client" (PBC) list, often completing 90% of the auditor's requests before they even ask.
- Stress Reduction: We absorb the pressure of the audit season, allowing your core management team to focus on running the business.
IMPORTANT CONSIDERATIONS
- Independence: We support the audit process but do not sign the final audit report. That remains the duty of your local licensed auditor.
- Timeline: Engagement should ideally begin 1-2 months before your financial year-end to ensure ample time for cleanup.
- Communication: A clear channel (Slack/Teams/Email) must be established between our team and your finance head for rapid query resolution.
- Access: We require timely access to the previous year’s audit reports to ensure opening balances match perfectly.
DISCLAIMER
We act solely as a consultancy and advisory support service. We are not a registered public accounting firm in your local jurisdiction and do not sign statutory audit reports or issue audit opinions. Our role is to assist management in preparing financial information and documentation for the review of the appointed external auditor. Final compliance and regulatory filings remain the responsibility of the client and their licensed auditor.