FREQUENTLY ASKED QUESTIONS
External Audit Services are performed by an independent audit firm that is responsible for planning, executing, and issuing the formal audit opinion on a company’s financial statements. This includes setting audit scope, performing substantive testing, assessing risk, and signing the audit report in accordance with regulatory and professional standards.
External Audit Support, on the other hand, does not replace the external auditor or provide an audit opinion. Instead, it strengthens your internal team during the audit process. With external audit support, Expertise Accelerated’s offshore professionals assist with audit-ready tasks, including account reconciliations, schedules, documentation, and compliance checks.
This reduces internal workload, shortens audit timelines, and helps ensure a smoother, more efficient audit, while your external auditor remains fully independent.
With EA’s deep understanding of the U.S. market and culture, you get highly engaged members working as an extension of your team.
You benefit from an accounting partner who understands your unique needs and provides a team that integrates seamlessly into your workflows, ensuring best-practice execution without expanding in-house staff.
External audit support services streamlines the audit process and make it faster with fewer disruptions and more confidence in year-end reporting.
Companies should consider external audit support services when:
- The audit process begins to disrupt daily operations or strain internal resources. If your team lacks bandwidth during audits, external support can take ownership of audit-ready tasks such as reconciliations, schedules, and documentation preparation—freeing internal staff to stay focused on core activities.
- Poorly organized financial records and missing documentation are addressed through structured cleanup, standardized workpapers, and compliance-ready support, reducing rework and auditor follow-ups.
- External audit support also helps accelerate audit timelines, minimizing delays in completion and easing the high pressure that often comes with year-end close.
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.
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.
External audit services assure that year-end financial statements are accurate, compliant, and reliable, giving stakeholders confidence in the reported results.
Specifically, they:
Plan and scope the audit by assessing risk areas and determining audit procedures aligned with regulatory and accounting standards.
Examine year-end balances and transactions, including revenue, expenses, assets, liabilities, and equity, to confirm accuracy and completeness.
Test internal controls to evaluate how effectively financial processes operate throughout the year.
Verify compliance with applicable accounting standards, regulatory requirements, and disclosure rules.
Identify issues early, such as misstatements or control gaps, allowing management time to address them before final reporting.
Issue an independent audit opinion that improves credibility with investors, lenders, and regulators.
Yes. Our CPAs personally oversee the onboarding, review, and stabilization of all new clients.
Once your accounting is running smoothly, a dedicated engagement manager continues managing the day-to-day communication while our CPAs remain available for escalation, strategic questions, and periodic reviews.
Our clients’ accounts are managed by senior accountants typically with Big Four experience (e.g., Deloitte, EY) and reviewed by U.S.-based leadership.
Our hybrid model gives you the benefit of:
- Specialized U.S industry skill sets
- Big Four–caliber talent
- A heavily supervised team
- 60%+ cost savings
Quality control is strict, and oversight happens at multiple levels.
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 interruptions to day-to-day operations, limited capacity to organize data for audit purposes, and an inability to commit additional 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.
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 a 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.