Outsourced Audit Support Services
Quicker Turnaround Time
Get the support with quick turnaround time and take the burden off
Detailed Reports
Get insight or show the actionable data in well-defined reports.
Elevated Efficiency
Identify loose ends in an audit run by expert audit support staff.
Perks of CapActix
Why outsource audit support services to CapActix?
CPA Firms are always bound by the deadline to complete all the tasks whether it is Accounting, Catchup or Cleanup, Tax Filling, or Audit. As Auditors are responsible to check and verify all the documents and authenticate them based on financial statements, the process becomes time-consuming and requires the involvement of highly qualified resources. CapActix provides Outsourced Audit Support Services to CPA Firms and Accounting Firms. Our Outsourced audit support services aid in internal, external, IRS, forensic, sales tax, and all other types of audit processes with a well-defined auditing process. Our expert accounts auditing service is segmented into three major parts: planning, execution, and finalization to optimize the whole auditing process and harvest the best results for you. Our highly experienced audit support staff can assist in rolling forward traditional Excel workbooks or electronic audit files to much more reliable audit software.
We provide Outsourced audit support services for the following:
Audit of Financial Statements
Internal Audit
SOX Compliance Audit
Forensic Audit
Compliance Audit
IRS Audit
Sales Tax Audit
Services We Excel At
What do the Outsourced Audit Support Services include?
1. Planning
- Preparing the document and details requirement list to carry out the audit
- Roll forward the previous year’s electronic audit file on audit software
- Migration from a traditional excel audit file to an electronic file
- Proper Mapping and tallying of the trial balance
- Preliminary analytical review of the previous year’s audit file
- Performing and documenting guidance for internal controls
- Checking opening balances
- Sample selection & materiality calculation
- Checking books of accounts for their compliance with GAAP
1. Planning
- Preparing the document and details requirement list to carry out the audit
- Roll forward the previous year’s electronic audit file on audit software
- Migration from a traditional excel audit file to an electronic file
- Proper Mapping and tallying of the trial balance
- Preliminary analytical review of the previous year’s audit file
- Performing and documenting guidance for internal controls
- Checking opening balances
- Sample selection & materiality calculation
- Checking books of accounts for their compliance with GAAP
2. Execution
- Assistance in preparing, verifying, and reviewing the working papers
- Testing internal controls and obtaining audit evidence
- Verifying the audit evidence and indexing them
- Summarizing audit observations, Cross-referencing the documents and submitting recommendations to make the review process easier
- Performing casting procedures on accounts for internal consistency, and mathematical accuracy, and agreeing on lead schedules with final accounts
- Substantive testing and Risk Assessment
- Assistance in circulating balance confirmations
- Conducting an end-to-end audit
2. Execution
- Assistance in preparing, verifying, and reviewing the working papers
- Testing internal controls and obtaining audit evidence
- Verifying the audit evidence and indexing them
- Summarizing audit observations, Cross-referencing the documents and submitting recommendations to make the review process easier
- Performing casting procedures on accounts for internal consistency, and mathematical accuracy, and agreeing on lead schedules with final accounts
- Substantive testing and Risk Assessment
- Assistance in circulating balance confirmations
- Conducting an end-to-end audit
3. Finalization
- Quality review and preparation of financial statements
- Independent review of audit files to ensure completeness
- Preparation of management letter points,
- Preparation of draft memo on auditing or accounting issues
- Preparation of risk-based internal audit reports
- Preparation of Accounting policy and procedure
- Internal control procedure development and implementation
- Preparation and review of GAAP compliance checklist
- Preparing notes to maintain proper disclosures
- Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts
3. Finalization
- Quality review and preparation of financial statements
- Independent review of audit files to ensure completeness
- Preparation of management letter points,
- Preparation of draft memo on auditing or accounting issues
- Preparation of risk-based internal audit reports
- Preparation of Accounting policy and procedure
- Internal control procedure development and implementation
- Preparation and review of GAAP compliance checklist
- Preparing notes to maintain proper disclosures
- Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts
Hire At Your Convenience
Hire Dedicated Audit Support Experts
Result Oriented Solutions
Improve client and investor value propositions and reduce risk with the best outsourced audit support services
Over the years, we have been helping accounting firms and CPAs with our reliable and result-oriented offshore audit support services. We help cpa firms ensure high-quality disclosures with our end-to-end outsourced audit support services. We include jobs like matching the accounts with the accounting standards, reviewing financial statements, migrating traditional reports to the audit software, verifying audit files and evidence, performing casting procedures, preparing error checklists, creating risk identification reports, and more to help you make maximum out of our audit support service.
Auditing demands manpower and attention to detail. And the audit support staff at CapActix have attained such skills.
How We Help You Stand Out
Key Differentiators
01
Skilled Audit Support Staff
02
Follow Compliances
03
Empower Your Team
04
Digitization of Audit Process
Tech We Excel
Bookkeeping Software we use
Our Success Stories
How do our Outsourced Audit Support Services scale up the business value of our clients, hear it from some of them:
We are delighted with the internal audit support service of CapActix. They helped us save manpower, time, and money involved with auditing. We could also achieve excellent accuracy with its auditing services to prepare insightful reports. Yes, the audit helped us eliminate errors. Moreover, it improved our revenue model by helping us with financial planning.
Auditing for our clients was an overwhelming job for us. We wanted to reduce response time to improve client satisfaction, but the tedious job of accounts auditing was taking a bit longer than it should have. Financial statement preparation and casting procedures were the most resource-intensive processes. We outsourced this job to CapActix and now things are faster than ever before.
CapActix is one of the most professional firms we have worked with. It has been more than 3 years working with CapActix and it has been a great experience. Initially, they helped us migrate traditional documents to digitized audit tools and now they have optimized the whole audit process and workforce management related to auditing. We recommend their services 100%.
Our Focused Industries
Industries We Serve
E-Commerce
Franchise
Agriculture
Healthcare
Manufacturing
Real Estate
E-Commerce
Franchise
Agriculture
Healthcare
Manufacturing
Real Estate