AUDIT ASSISTANCE & OUTSOURCING

All organizations strive to boost their performance and quality at lower cost while various audit functions work to meet rising expectations from all the stakeholders.

Today’s organizations face wide-ranging challenges, such as complying with countless regulatory requirements, preparing for external audits, internal audits, and reviews by the parent company. To help you manage all these elements effectively, your teams must have the ability to navigate the business landscape and effectively communicate with all the stakeholders in this process. Outsourcing or co-sourcing audit work can help you effectively manage this increasingly complex environment.

To help you manage all these elements effectively, your teams must have the ability to navigate the business landscape and effectively communicate with all the stakeholders in this process.

Our trained and experienced team members offer professional audit know-how, technical and industry knowledge, and collaborative skills, allowing them to work effectively with your organization when rendering the following type of audit services:

  •    Statutory Audit
  •    Internal Audits
  •    Compliance audits
  •    Forensic Audits
  •    Due diligence

Listed below are the sample areas where our teams can supplement your teams in Statutory Audit type engagements:

Statutory Audit

PLANNING

  • Client communications
  • Roll-forward of previous year audit files
  • Summarizing the matters affecting the industry in which the business operates
  • Calculation of materiality
  • Preliminary analytical procedures
  • Setting up the audit files for changes during the year
  • Identification of Risk of Material Misstatements (ROMM)

EXECUTION

  • Assessment of internal controls
  • Internal controls testing
  • Substantive analytical procedures where applicable
  • Test of details of various account balances and transactions for the relevant assertions
  • Obtaining third party confirmations
  • Completion of model audit programs

REPORTING

  • Communications with management
  • Drafting of audit reports
  • Preparation of accounting and disclosure checklists
  • Internal consistency of financial statements, MD&A, and periodic reports to be made available for public and regulatory authorities

FOLLOW-UP WHEN NEEDED

  E-MAIL:   info@b-esharp.com

  CALL US:  +91 707 5565 121