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Audit-Support-Services

Outsource Audit Support Services

Scale your firm's audit operations and boost profits by up to 50% with custom audit outsourcing services. Trusted by 350+ accounting firms for skilled offshore and onshore talent.

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Bespoke Audit Support Services Tailored for Your Success

Talent crunch is the #1 challenge for accounting firms, with over 90% struggling to recruit and retain skilled audit staff. With QXAS’ custom external audit support services, you can hire trained, experienced auditors to work seamlessly as part of your team, using your software and aligning with your time zone.

Our team manages the entire audit process, from paperwork and communications to ensuring compliance with the latest UK auditing standards. Every output undergoes a meticulous four-eyed review to ensure complete accuracy and exceptional quality. This allows your qualified auditors to focus on higher-value tasks like advisory while retaining control and signing off final reports.

We understand that outsourcing audit work offshore can raise concerns. That’s why we also offer Onshore Support, a flexible solution enabling qualified auditors to work directly from your office in the UK.

  • Expertise across 14+ industries
  • 300+ audits processed annually
  • 100% secure, GDPR-compliant solutions

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SCOPE OF WORK

Engagement Planning:

  • Conducting initial meeting with the Audit Partner and end client to understand their business and key developments in the year under audit
  • Documentation of audit planning including but not limited to filling up of various planning checklists, questionnaires, assessment of risks and materiality thresholds
  • Preparation of Audit Plan and selection of samples for audit tests

Audit Testing and Evidence Gathering:

  • Performing analytical procedures and Substantive Test of Details over account balances and classes of transactions
  • Gathering sufficient and appropriate audit evidence to support findings and gain comfort over the audit assertions
  • Documenting audit procedures and results

Conclusion, Communication and Reporting:

  • Documentation of completion phase of an audit with the Partner/RI including various checklists
  • Preparation of Management Letter and Letter of Representation using firms’ standard templates
  • Review of financial statements to check compliance with relevant accounting standards
  • Communicating with Partner/RI on the points which require their clearance
  • Preparation of summary of Adjusted and Unadjusted Misstatements
  • Provide interim and periodic updates to the clients

 

YOU’LL NEED TO PROVIDE

  • Access to the audit documentation software
  • Access to previous year audit working papers
  • Access to the permanent file
  • Access to previous year full signed accounts
  • Access to current year accounts working papers

 

REPORT

  • Current year audit working papers

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FAQs

We provide tailored audit support services to accounting firms based on their specific needs. Our resources have expertise across 14+ major industries, including education, real estate, engineering and technology, restaurants and hotels, service sector, retail, and more.

QXAS is a market leader in the outsourcing space and a trusted partner to over 350 accounting and audit firms.

What sets us apart from our competition is:

  • Managed FTE Solution: Dedicated auditors supported by a team leader for seamless collaboration.
  • Four-Eyed Review: All output undergoes a two-level review process to eliminate errors and ensure top-notch audit quality.
  • Flexible Engagement Models: Offshore, onshore, and hybrid options tailored to your needs.

QXAS is a 100% GDPR-compliant outsourcing provider. We are also ISO 27701, ISO 27001 and Cyber Essentials Plus certified with stringent security standards. We operate through our UK servers and work within your secure environment.

The cost of audit outsourcing UK depends on your specific needs. We offer customised pricing and engagement models tailored to clients’ requirements.  To request a custom quote, fill in the form at the bottom of this page or call us directly on +44 208 146 0808.

We offer a NO-OBLIGATION TRIAL on our audit support services for up to 10 hours. You can assess our services risk-free before you decide to outsource with us, and cancel anytime.

QXAS provides comprehensive support to ensure a seamless and efficient transition process. Our dedicated team collaborates closely with your organisation, offering hands-on assistance in data migration, system integration, and process alignment. We also provide unlimited chat and telephonic support to help you at all times.

As a part of our Next-Gen Outsourcing solutions, we provide Onshore Support, a flexible staffing strategy through which you can hire skilled audit support personnel to work directly from your office location in the UK. Learn More

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