External Audit Support
“Tailored Solutions, On-Demand Resources, Assured Quality, Round-The-Clock Service.”
Plan for Future with EA’s Outsourced External Audit Support
Let Expertise Accelerated’s offshore resources take the administrative pain of your external audit.
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.
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.
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External Audit Support
Planning Phase
- Budgeting
- Risk Assessment
- Materiality Calculation
- Audit Plan & Program
Execution Phase
- Analytical Procedures
- Sampling
- Controls & Substantive Testing
Conclusion Phase
- Preparation of Financial Statements
- Communication of Audit Findings
- Preparation of Audit Report
EA’s External Audit Support for Smooth Year-Ends
External audit is the examination of an entity’s financial statements to form an opinion as to whether they present a true and fair view of the entity’s financial affairs for the period for which they have been prepared.
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.
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.
OUR PARTNERS
WHAT OUR CLIENTS HAVE TO SAY
There is only one word that comes to mind when I think of Haroon Jafree, and that is brilliant! We worked together at Sara Lee (now Hillshire Brands) on numerous business process reengineering projects in accounting and finance, including implementing a Trade Promotions Management System. As a result, we made a dramatic increase in the productivity level of our company. Haroon has exceptional ability and earns my highest recommendation.
Director IT
Sara Lee (now Hillshire Brands)
For five years, I had the pleasure of working with Haroon Jafree at Sabra Hummus. During this time the company was transformed from a small startup to a high-performance company with highly automated processes and systems. Haroon worked on numerous business process reengineering projects with great success achieving significant savings both in the accounting / finance, and operations. As someone who has had a front-row seat to his work, he is very professional in his interactions and is always a phone call away..
Director of Process & Transformation
Sabra Dipping Company (PepsiCo & Strauss JV)
I had the pleasure of working with Haroon for two years on Sarbanes Oxley internal control implementation projects. Haroon has an unparalleled ability to help clients of all sizes establish a strong accounting and internal control environment. So, if you are looking for an expert in accounting, finance, and business process reengineering, then look no further.
Senior Consultant
Audit and Compliance Group
Haroon is a person with wide range of expertise in accounting, reporting, projects management and systems. He's a great team player and is always there to help solve problems. I enjoy working with and highly recommend him.
Manager, Accounting Consolidations
TE Connectivity
Haroon has a can-do attitude. I enjoyed working with him on a recent acquisition and received guidance many times. He is very knowledgeable and resourceful.
Global Finance Executive | Retail, CPG, Manufacturing, E-Commerce | FP&A | Turnaround | M&A & Integration | Private Equity | Sales experience
Sabra Dipping Company (PepsiCo & Strauss JV)
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.
What is internal and external audit?
Internal audit is conducted to provide an independent assurance regarding the operational effectiveness of an organization’s risk management, governance and internal control processes.
What is external audit process?
An external audit involves the examination of an organization’s financial records with the objective of establishing whether the financial statements, representing these financial records, present a true and fair view of the organization’s financial performance.
What are the types of external audit?
An external audit may be statutory or voluntary with the former being mandated by applicable financial or corporate laws and regulations and the latter being undertaken by an organization voluntarily, i.e. without any legal or regulatory requirement.
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.