Audit of financial statement across industries

Support services for SPAC preparation/readiness

Special Purpose audit

Internal Audit

Sox compliance audit

Advantage Ascentry

Experienced and Qualified team of chartered accountants and CPAs will ensure timely completion of audit with highest quality

Hands on experience of US GAAP and US GAAS

Helps CPA firms smoothly sail through the busy season by delegating most of the areas and help partners focus on high-risk area

Helps CPA firms increase the efficiency and productivity of its employees

Preparing the document and the list of detailed requirements for conducting the audit.

Updating the electronic audit file from the previous year on the audit software.

Transitioning from a traditional Excel audit file to an electronic file.

Accurate Mapping and tallying of the trial balance

Preliminary analytical review of the previous year’s audit file

Performing and documenting guidance for internal controls

Checking opening balances

Sample selection & materiality calculation

Checking books of accounts for their compliance with GAAP

Assistance in preparing, verifying, and reviewing the working papers

Testing internal controls and obtaining audit evidence

Verifying the audit evidence and indexing them

Summarizing audit observations, Cross-referencing the documents, and submitting recommendations to make the review process easier

Performing casting procedures on accounts for internal consistency, mathematical accuracy and agreeing on lead schedules with final accounts

Substantive testing and Risk Assessment

Assistance in circulating balance confirmations

Conducting end-to-end audit

Quality review and preparation of financial statements

Independent review of audit files to ensure completeness

Preparation of management letter points,

Preparation of draft memo on auditing or accounting issues

Preparation of risk-based internal audit reports

Preparation of Accounting policy and procedure

Internal control procedure development and implementation

Preparation and review of GAAP compliance checklist

Preparing notes to maintain proper disclosures

Prepare checklists to report errors to the onshore audit team to make necessary changes to the financial statements and future accounts