Effortlessly Manage Your External Audit with Expertise Accelerated!
External audits can be a complex and resource-draining process for any company. Let Expertise Accelerated’s offshore team take on some of the workload—from preparing account reconciliations to compliance checks—so your team can focus on core business activities.
Our experienced professionals ensure a streamlined, efficient audit process minimizing disruptions. Let us help you to make your external audit smooth and stress-free.
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Plan for Future with EA’s Outsourced External Audit Support
External audit remains a major regulatory requirement for most organizations even today and consumes significant financial and human resources to conclude successfully.
Even though this process is crucial, many organizations find it painstaking for reasons such as interruption in day-to-day operations, limited capacity to organize data for audit purposes and inability to commit extra human and financial resources to the auditing process, among others.
Such companies have found remote external audit support services as the solution – relieving them of all the challenges associated with this process.
Ensure External Audit Success with Our Comprehensive Support
External audit is an important event in the life of an entity as the external audit report is a key instrument in the hands of the shareholders and stakeholders by which they assess the entity’s performance and determine the extent to which they should repose trust in it.
External audit, however, requires the entity’s accounting & finance staff to work laboriously to organize financial records and prepare reports and schedules and this is where Expertise Accelerated’s (EA) Audit Support Services kick in.
Leverage Expertise Accelerated’s global talent pool to employ professionals who will lend you end-to-end support for a successful conclusion of the external audit.
Industries
With our outsourced accounting services, tailored for diverse industries, we ensure your financial records are maintained to the highest standard.
Retail and Wholesale
EA's deep understanding of the challenges these industries face ensures hassle-free bookkeeping and significant payroll savings.
Consumer Packaged Goods
Our US management team has 25+ years of US Consumer Packaged Goods experience, 10+ years at C-suite levels thus ensuring industry expertise in the competitive market.
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Manufacturing
As a manufacturing-focused accounting firm, our tailored solutions ensure accurate transaction processing and timely reporting for informed decision-making.
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E-Commerce
Shopify, eBay, and Walmart each have unique complexities. We provide effective accounting to track sales, manage expenses, and ensure timely reporting.
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Restaurant Accounting
By entrusting your accounting needs to experienced professionals specializing in restaurants, you can focus on what truly matters to your business.
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Real Estate
EA’s property management bookkeeping services ensure accurate financial records and process efficiency.
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Tailored Solutions, On-Demand Resources, Assured Quality,
Round-The-Clock Service.
External Audit Support
Planning Phase
- Budgeting
- Risk Assessment
- Materiality Calculation
- Audit Plan & Program
Conclusion Phase
- Preparation of Financial Statements
- Communication of Audit Findings
- Preparation of Audit Report
Execution Phase
- Analytical Procedures
- Sampling
- Controls & Substantive Testing
Outsource External Audit Support Vs In-House Management
| Requirements | In-House | Outsourced |
| 24/7 Support |
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| Payroll Savings |
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| Extensive US Industry Experience |
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| Data Protection |
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| Scalability |
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| Focus on core business |
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| Talent Acquisition |
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Deciding to outsource external audit support to facilitate the external audit within the entity is a critical decision for any business. External Audit Support essentially entails providing manhours and/or expertise to organize financial records and prepare financial schedules so that the external auditors can efficiently conduct their procedures and conclude the audit timely and cost-effectively.
EA’s External Audit Support for Smooth Year-End
External Audit Outsourcing does not mean that an entity will outsource its external audit to EA; rather, it refers to the recruitment of external support for facilitating the external audit within the entity. Thus, External Audit Support essentially entails providing manhours and/or expertise to organize financial records and prepare financial schedules so that the external auditors can efficiently conduct their procedures and conclude the audit timely and cost-effectively.
For EA, External Audit Service has the same meaning as External Audit Support.
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FREQUENTLY ASKED QUESTIONS
What is the purpose of external audit?
An external audit is conducted to establish the truthfulness and fairness of the financial statements of an organization.
How are external audits done?
External audits entail an examination of the financial records of an organization with the examination being done through test of controls and substantive testing. In the United States, an independent CPA or a firm of CPAs is entitled to perform an external audit.
What does External Audit Support at EA involve?
External Audit Support involves providing the necessary man-hours or expertise to prepare financial statements, organize records, and create financial schedules. This allows external auditors to focus on their core procedures, making the audit process more efficient and helping to meet deadlines.
What are the benefits of outsourcing external audit services?
Outsourcing external audit services can bring several benefits, including:
- Time and cost savings: External audit support helps streamline the preparation process, reducing the time and cost associated with audits.
- Access to global talent pool: External professionals bring in-depth knowledge and skills to help prepare financial statements and schedules to meet audit requirements.
- Efficiency and accuracy: With external support, financial records are better organized, which enables a smoother, more effective audit process.
Does External Audit Support replace the role of the external auditor?
No, the external auditor still performs their primary role of reviewing and validating the financial records. EA’s External Audit Support simply aids in preparing the records and organizing the necessary information, making the auditors’ job easier and more efficient.
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Address: 500 W Putnam Ave Ste 400, Greenwich, CT 06830
Contact: +1 (203) 542-7277
Email: sales@eaccelerated.com