Audit Support Services

Entity required to do audit, has obvious regular work to be carried out on regular basis. Therefore, it is spectrum where regular work of any employee is not been disturbed and even the audit is conducted smoothly as per required law with best mark on satisfaction of audit team.

Introduction

Conducting audit of an organization required part and partial involvement of staff to get the audit team query resolved where based on experience the majority of query can be sorted with out involving the regular operation team of organization so that the operation could not impacted due to conduct of audit hours.

Audit team need regular support of organization employee to assist and resolve the query if any, of which can be conducted by independent internal audit team to facilitate the smooth and effective appropriate audit evidence to conclude the statutory audit on time. It is well known audit support services, where an independent audit team hired and then they facilitate the external audit to complete the audit of organization. 

• Auditing support services including interacting with the audit teams on behalf of clients for auditing queries
• Resolving the audit queries in an appropriate manner to audit team with its supporting evidence.
• Preparation of financial statement as per applicable accounting reporting framework and discussion with audit team 
• Support to audit team for understanding the internal financial control, tax compliance and reporting as well as up mark of accounting records.
• Performing casting procedures on accounts for internal consistency, mathematical accuracy and agreeing on lead schedules with final accounts
• Check accounts for their compliance with the relevant accounting standards.
• Prepare response and required file/folder as required given under the checklists of audit team.

In fact, it is very nice modes of conducting and completing the on or before time audit of organization with a help of professional equally capable of doing audit of an organization. It can reduce and resolve the time, effort and involvement of organization resources.