FAQ
Frequently Asked Questions.
What are offshore audit support services?
Offshore audit support services involve outsourcing specific audit-related tasks to a team located in a different country. These services help businesses and audit firms manage their workload efficiently by leveraging skilled professionals at a lower cost.
What industries can benefit from offshore audit support?
Our offshore audit support services cater to various industries, including but not limited to financial services, healthcare, manufacturing, technology, real estate, and retail.
How does offshore audit support work?
Offshore audit support typically involves remote collaboration. Clients share their audit requirements securely, and our offshore team performs tasks such as data analysis, working paper preparation, and compliance reviews, ensuring timely and accurate delivery.
Services Offered
What specific audit tasks can be outsourced?
We offer support for:
- Preparing working papers
- Reconciliations (bank, ledger, and accounts)
- Internal control testing
- Analytical reviews
- Financial statement drafting
Do you offer support for statutory and internal audits?
Yes, we provide offshore support for both statutory and internal audits, helping your team streamline processes and enhance audit quality.
Data Security and Compliance
How do you ensure data confidentiality and security?
We prioritize data security by implementing strict confidentiality protocols, secure file-sharing platforms, encryption, and regular audits of our IT systems.
Are your services compliant with international auditing standards?
Yes, our audit support services adhere to international standards such as PCAOB, IFAC, GAAP, IFRS, and IAS ensuring compliance and accuracy.
How do you ensure the quality of audit work?
Our team consists of experienced professionals who undergo rigorous training. We follow a multi-level review process to maintain high-quality deliverables.
Cost and Engagement Model
How are offshore audit support services priced?
Our pricing is flexible and can be based on a fixed-fee model, hourly billing, or a dedicated resource model, depending on the client’s requirements.
What is the typical turnaround time for tasks?
Turnaround time varies based on the scope of work, but we ensure timely delivery with a focus on accuracy and efficiency.
Can I hire a dedicated offshore audit team?
Yes, we offer dedicated offshore teams who work exclusively on your projects, providing seamless integration with your in-house staff.
Onboarding and Communication
How do you manage onboarding for new clients?
Our onboarding process includes understanding client needs, setting up secure communication channels, assigning a dedicated team, and providing a detailed roadmap for project execution.
How is communication handled between the client and the offshore team?
Communication is handled through regular meetings, emails, and collaboration tools. We assign a dedicated point of contact to ensure smooth coordination.
Can I hire a dedicated offshore audit team?
Yes, we offer dedicated offshore teams who work exclusively on your projects, providing seamless integration with your in-house staff.
Financial Services
What financial services do you provide?
Our financial services include:
- Audit support services
- Bookkeeping and accounting
- CFO services
- Financial reporting services
- Financial modelling services
- Year-end services
- Expertise in Complex accounting
Do you offer financial advisory services?
Yes, we provide financial advisory services to help businesses with strategic planning, budgeting, forecasting, and investment decisions.
Can you assist with compliance reporting for financial institutions?
absolutely. We help financial institutions prepare regulatory reports, ensuring compliance with local and international regulations.
Technical Support
What software platforms do you support?
We have expertise in various platforms, including QuickBooks, Xero, Sage, SAP, Microsoft Dynamics, and other popular accounting and audit tools.
Can you provide custom reports and dashboards?
Yes, we create custom reports and dashboards tailored to your specific needs, offering real-time insights into financial and audit data.
Engagement Terms
Is there a minimum contract duration?
No, we offer flexible engagement terms, allowing clients to start with short-term projects and scale up as needed.
How do I get started with your services?
You can get started by contacting us through our website or email. We will schedule a consultation to understand your requirements and propose a tailored solution.
Get Started Today
Ready to take your business to the next level? Contact us today to learn more about services and how we can help you achieve financial sucess.