Accounting Services
External Audit Coordination & Support
Ensure a smooth audit process with structured preparation and coordination
When financial records, reconciliations and supporting schedules are not audit-ready, the external audit can involve unnecessary delays and repeated queries. FinVerse supports businesses with audit preparation, financial-record review, working papers and coordination with the appointed external auditor, helping management move through the audit process in a structured and well-managed manner.
Scope of Services
- Assistance in identifying a suitable independent external auditor and coordinating the audit engagement, where required
- Pre-audit readiness review of the financial records, trial balance and key account balances
- Review of year-end reconciliations and supporting accounting records relevant to the audit
- Preparation and organisation of audit schedules, working papers and supporting documentation
- Review of draft financial statements and supporting schedules before submission to the external auditor
- Coordination of information and document requests with the appointed external auditor
- Assistance in preparing responses and supporting information for auditor queries
- Identification and support in resolving accounting, reconciliation and documentation matters affecting the audit
- Support with agreed accounting adjustments arising during the audit process
- Follow-up and coordination through audit finalisation
- Coordination of final audited financial information with Corporate Tax Return filing where FinVerse is engaged for both services
When This Service Becomes Important
- You need support identifying a suitable external auditor and coordinating the audit engagement
- You are preparing for your first external or statutory audit
- Your financial records, reconciliations or supporting documentation are not fully audit-ready
- Your external auditor has requested detailed schedules, reconciliations or supporting information
- Your finance team needs additional support managing audit documentation and queries
- Previous audits have involved delays, repeated queries or significant year-end adjustments
- You need audited financial statements for regulatory, Free Zone, lender, shareholder or other reporting requirements
- Audited financial statements are relevant to your UAE Corporate Tax compliance requirements
- You want the audit process coordinated alongside your Corporate Tax Return filing
Our Approach
- Assessing the readiness of the financial records and identifying matters requiring attention before the audit progresses
- Organising reconciliations, schedules, working papers and supporting information required for the audit
- Reviewing financial statements and key accounting balances for consistency with the underlying records
- Coordinating document requests, clarifications and information flow with the appointed external auditor
- Supporting management in addressing auditor queries and agreed accounting adjustments
- Following the audit through to finalisation and coordinating the resulting financial information with Corporate Tax filing where relevant
Our Focus
- Audit-ready financial records and supporting documentation
- Clear and well-organised audit schedules and working papers
- Efficient coordination between management and the appointed external auditor
- Timely resolution of accounting and documentation matters affecting the audit
- Accurate financial information supporting the audit process
- Reduced disruption to the internal finance and management teams
- Timely progression of the audit toward finalisation
- Effective coordination between the audit and Corporate Tax filing process where relevant
