Facing difficulties with quarterly or annual audit preparation? Timely submission of audit schedules is crucial to avoid higher audit fees. WA’s external audit support services ensure prompt preparation of audit schedules, allowing your resources to concentrate on essential business matters.
During the audit preparation support phase, WA will work with you to analyze your financial statements and to create supporting schedules required for an efficient and effective audit.
We will ensure that all your journal entries are accurately recorded and classified, and timely reported. This will help you meet your audit submission deadlines.
External audits can be complex, and this is where WA steps in. We can liaise between you and your audits on complex issues such as the application of an accounting policy.
Being subject matter experts, WA professionals can provide recommendations to optimize finance processes to support the smooth conclusion of the external audit.
Financial Accuracy:
Efficient Resource Allocation:
Financial Controls:
External audit support is a form of support service in which a service provider, who is also a subject matter expert, assists an organization during an assurance engagement, which could be operational, financial, or compliance in nature.
Some common assurance engagements:
WA has resources in the form of trained professionals and expertise with which it can help organizations navigate through assurance engagements with relative ease.
A clean bill of health leads to enhanced financial credibility among investors, lenders, and stakeholders.
With WA sharing the workload, your in-house staff will have more time for operational chores.
WA professional resources are skilled and affordable, so you save more in terms of time and administrative ease.
WA’s external audit support staff can identify and recommend best financial reporting practices.
Statutes and laws in different geographical and corporate jurisdictions require certain companies, public and listed companies in particular, to have their financial statements audited by an independent accountant. Although this means that not every company is required to undergo an external audit, yet every organization, regardless of size or industry, can benefit from an external audit. External audits involve meticulously examining accounting records and providing an assurance whether the audited financial statements are free from material misstatements and, hence, present a true fair view of the company’s financial affairs.
External audits are beneficial for various entities, including (but not limited to):
The best audit firm is distinguished by its expertise, experience, track record, client satisfaction, and industry recognition.
When looking for any one of the best audit firms, it is wise to select a firm with a strong reputation, relevant industry experience, a skilled team, a comprehensive range of services, and positive client testimonials.
High-quality and affordable outsourced accounting services.
Preparation of financial statements for management reporting purposes.
Effective demand and supply planning for supply chain optimization.
Enhanced compliance and control with WA internal audit support.
Being SOX-compliant and having a strong control environment.
