Audit Support Services

Freeing Up Time for Auditors

Auditing is a highly responsible and analytical job for auditors – to vouch for the authenticity, relevance and quality of a client’s financial statements on the basis of appropriate evidences. In short, auditing is high-cost, time-consuming and often involves high stakes for accountants and their clients.

The QXAS Audit Support team takes the tedium out of auditing without putting a strain on the auditor’s time, costs and manpower. With trained, qualified and experienced resources solely devoting their time to process audit working papers, auditors can now eliminate the chances of errors or missed deadlines and ensure high-quality disclosures. All this, while freeing up your time for new clients and getting opportunities to scale up your firm.

Scope of Work

Auditing support services including interacting with the audit clients for auditing queries
Rolling forward of electronic audit file on Audit software
Migration from traditional excel audit file to electronic file
Performing casting procedures on accounts for internal consistency, mathematical accuracy and agreeing on lead schedules with final accounts
Reviewing financial statements of companies/charities/trusts
Check accounts for their compliance with the relevant accounting standards.
Gain access to the UK Companies House Filings (registry for UK Companies) and Charity commission (registry for charities) to extract data to corroborate evidences for information provided in the accounts.
Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts.