Internal Audit Support Services

Internal audit is the process of adding value to an entity’s operations through an independent, objective assurance and consulting activity designed to assist the management in achieving organizational objectives.

A systematic and disciplined approach is used to improve risk management, internal controls, and corporate governance.

Internal audit support involves assisting the internal audit team with substantive testing, performing analytics, documenting findings, etc.

EA’s outsourced internal audit support services are offered to facilitate companies in adding value to operations and improving risk control and governance;

Our team ensures that outsourcing services for internal audit are provided using a premium quality doctrine under which the engagements are led by US CPG industry experts boasting decades of experience, niche expertise, and a proven track record.

While resourceful companies have vibrant and effective in-house internal audit departments, not all companies have the financial and human resources and expertise to establish one, rendering them susceptible to fraud, non-compliance, and sub-optimality.

However, today, such companies can also have an optimized internal audit function through remote internal audit support services.

Companies may outsource Internal audit services in the form of internal audit support to assist their internal audit team with substantive testing, performing analytics, documenting findings, etc.

EA’s internal audit solutions aim to facilitate companies in adding value to operations and improving risk control and governance while following best industry practices.

EA’s internal audit support services include staff augmentation to help the client organization’s finance department prepare for the internal audit and/or implement its findings to streamline risk management, governance, and control matters.

Internal audit services are end-to-end, independent assurance and consulting engagements where an external provider plans, executes, and leads the internal audit function.

The external provider takes the responsibility for evaluating risk management, internal controls, and governance and reporting conclusions to management.

Internal audit support, on the other hand, supplements an existing internal audit function by providing skilled resources for specific activities such as audit planning assistance, substantive testing, analytics, documentation, and reporting.

The overall ownership, judgment, and accountability remain with the client’s internal audit team or leadership.

Our internal audit support services cover:

• The planning and execution of internal audit helps to make sure that the audits are not under-scoped or over-timed and that those are oriented to business risks.
• The evaluation of the risk assessment and control will create gaps, exposure reduction, and strength in internal controls.
• Review of compliance and governance assisting regulatory demands and robust frameworks of oversight.
• To enhance efficiency, consistency, and effectiveness of control, process and operation audits.
• Professionally standards of audit testing, documentation and reporting and enable definite audit conclusions.
• Scalable, on-demand expertise support of internal audit teams and management.
• Actionable recommendations to strengthen controls

Leverage Expertise Accelerated’s global talent pool to streamline and optimize your internal audit function for efficient, compliant, and transparent operations.

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.

EA’s outsourced bookkeepers ensure smooth communication and collaboration with onshore teams across different time zones in the following ways:

• Arrange meeting: To maintain regular communication, we make sure that we have regular MS Teams or Zoom meetings at a convenient time to both parties.
• We also use email thread and MS Teams communication as an asynchronous means of communication, where both sides can talk and participate in a conversation at their own pace.
• Meeting summaries: We adopt a summary form of meeting recap, where we provide comprehensive email summaries of every meeting to ensure that we all remain on track.

Our onboarding process is designed to make things simple and straightforward, so you can get clear insight into your finances quickly.

After you book a free consultation call with our team, we follow these steps:

1. Discovery & Document Request – We examine your current accounting system, financial documentation and any other supporting documents.
2. Catch-Up & Clean-Up – This is the organization, categorization, and subsequent correction of any previous-period transaction when required.
3. Stabilization – We enforce proper accounting records, we standardize operations and we make sure that your accounts are established properly.
4. Monthly Close Cadence – When everything is complete, we provide proper timely financials on a monthly basis, on a regular basis.

Most clients reduce their accounting costs by 60% or more while gaining access to deeper U.S. industry expertise than they could hire locally.

With EA, you get both affordable accounting and a stronger skill set.