Audit
Outsourcing Services
Audit and Assurance Outsourcing Services is a very high cost and time-consuming task. With new regulations in place, there is extensive documentation and checklists to be filed to ensure that the process is performed efficiently. With so much documentation the actual objective of the audit process is sometimes of a secondary nature.
We at Fin-eX understand that if a good margin is to be maintained and to achieve the objectives of an audit, the documentation tasks need to be made more efficient. This is the reason we recommend outsourcing your audit and assurance service to us.
We take the tedious tasks and turn them around in a timely and efficient manner, so you can concentrate on analyzing the data and give a better quality of service.
Why
Choose Us?
Trained staff with previous audit experience (Big 4)
Experienced resources (Ex Audit Managers)
Eliminate chances of errors and missed deadlines
High quality of disclosures
Exposure to different audit software
What
We Do
Communicating with the audit team on a daily/weekly basis to identify pre-defined tasks
Roll forward audit files on audit software
Migration from paper based to electronic files
Performing casting processes
Updating lead schedules and reconciliation with final accounts
Review of financial statements
Communication with clients and follow up on queries
Analytical reviews
Maintaining proper disclosures
Reporting on errors to auditors and completion of predefined checklists
Documentation of standard walkthrough procedures
Benefits of Outsourcing
your work to Fin-eX
01.
Reduced Employee Retention Risk
If the person in charge of your accounting and bookkeeping were to leave your business, you’d be left trying to fill in the gap. This would likely involve recruiting, hiring, training, and onboarding a new employee—as well as the costs that go along with these activities. What’s more, if you were to rely on just one person, the risk of fraud and theft could be an issue as well.
02.
Opportunity To
Grow
The price of putting an unqualified or inexperienced staff member in charge of your operations can be grave—even if you rely heavily on accounting software. If the information put into the software isn’t accurate, you won’t be able to rely on it to make important decisions. Outsourcing your accounting gives you peace of mind knowing that experts are in charge.
03.
Reduced Employee Retention Risk
When you outsource your accounting to a third party, you have access to not just one person, but to a team of professionals. In other words, you have a deep well of expertise to tap into when you need it. With the right firm in place, you can have the skill set of an experienced accountant or a team of accountants at your fingertips. Most if not all of the employees hired by Fin-ex are ACCAs or ACAs with a lot of experience in UK accounting and tax matters. Get a turn key support from us.
You should feel confident you have the most capable person in this role. But the truth is, sometimes this can be hard to know for sure. For instance, you may have outgrown the current capacity of your in-house accounting team without realizing it. Outsourcing is especially beneficial in this case because it gives you the ability to match your financial professionals to the needs you have today—as well as those you may have tomorrow.
We were turning new clients away due to workload and resource issues. Since outsourcing Accounts Preparation and Bookkeeping to Fin-eX, we are able to focus more on business development. The work approach of the team at Fin-eX which is dedicated to us is excellent