Audit Support Services-helpmycpa

helpmycpa provides end to end support to the CPA firms for completing the audit of accounts, right from planning to test of controls and test of details and also preparation of workpapers and audit report. We work as your own team - Audit Support Services.

Benefits of our Audit Support Service

Audit Supoort Services-Depending on the needs of your financial statement users, you may need to report under different sets of standards or provide varying levels of detail. Regardless of your requirements now or in the future, we can scale our audit solutions to meet your needs-Help My CPA.

What’s more, with helpmycpa. you’ll benefit from a customized, risk-based approach that emphasizes timely communication and coordination of activities. With dedicated and ongoing involvement from our senior-level professionals, your Audit Support Services , review, or compilation will be planned and executed by an experienced team that understands your industry.

Our emphasis on tailoring an integrated Audit Support Services to focus on areas of significant risks allows us to complete your engagement in an efficient and effective manner that reduces time spent on post-audit procedures and wrap-up. This approach helps us:

  1. Plan the engagement based on a thorough understanding of your business risks and transactions.
  2. Communicate and coordinate activities with management and the audit committee based on an agreed-upon timeline.
  3. Conduct continuous audit procedures to increase efficiency and reduce the burden on your personnel at year-end.
  4. Work with management to resolve any complex accounting or reporting issues as early as possible in the audit process.
  5. Provide recommendations to management of areas for improvement.

Project Phases

We have a structured approach to determine the applicable list of risks and controls that are required to achieve SOC 2 attestation. Our approach ensures that the service organisation has adequate ‘internal controls’ over Audit Support Services.

PHASE I - Kick off Deck

Project plan (Timelines and detailed deliverables based on identified objectives,Audit Support Services )

PHASE II - Determining- Audit Support Services

Planning include pre-Audit Support Services and risk assessment

PHASE III - Performing walkthroughs

Audit Support Services-Trace a transaction from its initiation through the company's information systems to the point when it is reflected in the financial reports

PHASE IV - Test of controls

Tests a business organization's controls, policies and guidelines to ensure that such controls are adequately designed and are operating effectively

PHASE V - Substantive procedures

Tests of account details and account balances to ensure that financial statements of a business entity are not "materially misstated."


Draft audit Report

Draft audit Report

Audit of Financial statements

Our audit and assurance services help you get to know your business even better and on every level. We work with you to help you meet assurance demands. Our audits provide essential insights into the current state of your business and help you to envision and plan a stronger future for your organization.

We understand the challenges facing our clients, their industries and changing business risks. We’re dedicated to helping you achieve your strategic growth goals and can successfully guide you through mergers and acquisitions, sales of businesses, and restructurings. Some of the services we provide include:

  1. Audits of annual financial statements for both public and nonpublic companies
  2. Review of quarterly financial statements, including those for public companies
  3. Audits of employee benefit plan financial statements, including plans required to file Form 11 K with the SEC
  4. Audits of ICFR, as required by Section 404(b) of the Sarbanes-Oxley Act of 2002 and conducted in accordance with PCAOB Auditing Standard No. 5
  5. Other professional auditing services in connection with filings with the SEC

Review of Financial Statements

A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. Its scope is significantly less than that of an audit, and it does not provide a basis for the expression of an opinion on an organization’s financial statement. Rather, a review provides limited assurance that no material modifications should be made to the financial statements to bring them into conformity with their applicable financial reporting framework. Yet the smaller scope doesn’t mean a reduction in quality.

Compilation of Financial Statements

A compilation differs significantly from and is substantially less in scope than a review or an audit of an organization’s financial statements. The objective of a compilation is to present, in the form of financial statements, information that is the representation of management without the expression of an opinion or any assurance that there are no material modifications that should be made to those financial statements for them to be in conformity with the applicable financial reporting framework. Accordingly, a compilation requires significantly fewer procedures than either an audit or a review.

SOC Audit

Many service organizations depend on the integrity of their control environment to serve and protect their customers and business. Accorp provides high-quality verification of these control environments through SOC examinations. Engagements of this nature report on the effectiveness of the controls and safeguards in place, providing you with feedback that’s both independent and actionable. Our approach to staffing these audits is to combine industry-focused and seasoned auditors with operational and IT auditors capable of addressing your unique control environment requirements.

Internal audit

Reduce risk and improve operational performance.

Strategically evaluating and managing risk can encourage the following:
  1. Decreased worry
  2. Effective business and operational controls
  3. Improved compliance monitoring
  4. Improved strategic planning
  5. New business opportunities

Internal audit is a vital component of governance and strategic risk management. It provides an additional element to risk assessment across your organization, facilitates improved processes and controls, address regulatory or other compliance issues, and ensure processes are efficient through the COSO framework.

Our internal audit professionals bring strong process, procedure, internal control and risk management experience to your organization. We bridge these skills with specialized insight related to risk and compliance and specific industry knowledge, to help your organization reduce risk and improve operational efficiency.

Enterprise Risk Management (ERM)

Today’s organizations face a business environment that is growing in scope and complexity, including increased use of information technology and increased regulatory requirements. Due to these growing challenges and demands, a traditional risk management approach is no longer enough. Organizations need to embrace a more strategic and holistic management of risk, not simply to avoid landmines, but to enable the exploration of possibilities.

Enterprise risk management helps your organization see the opportunities it can’t afford to miss—as well as the risks it needs to understand and manage. Organizations that fail to assess and plan for potential risks may open themselves up to fines, increased regulatory enforcement and tarnished reputations. Organizations that respond appropriately to the challenges will not only be more agile in managing associated risks, but also find opportunities for growth and strategic success.

At blum, our ERM team utilizes a four-step methodology to help clients create their own ERM process—looking at each client’s unique needs and developing a deeper understanding of their business, systems, external environment and organizational culture.

  1. Phase 1: Risk Governance Structure
  2. Phase 2: Risk Identification and Prioritization
  3. Phase 3: Risk Mitigation and Testing
  4. Phase 4: Risk Monitoring and Tracking

We work with our clients to build an ongoing ERM business that adds value—helping to explore “what needs to go right” and “what can’t go wrong.”

Financial Forecasts

Our advisory consultants help you prepare the financial forecasts or projections you need. We understand the underlying assumptions of lenders and develop strong approaches to help you secure financing.

Due Diligence

Before entering into an agreement or a financial transaction with another party, consider the essential factors that will guide your decision: vetting the investment for financial stability and future growth potential, weighing pros and cons, negotiating the best terms, and identifying discrepancies that may indicate possible drawbacks in the future. You want to be sure you get the right acquisition for your organization—with the best value. Blum will shape a complete picture of the overall circumstances and provide guidance on how to use them to your advantage. Our Transaction Advisory Group will help you reduce risk by collecting and analyzing the material facts of your prospective investment. We work with you to identify areas of focus, and the procedures we perform are designed to address your specific needs, so you can confidently determine whether the transaction you’re considering is right for you.

Our due diligence services address elements such as:
  1. Analyzing quality of earnings and quality of assets of the prospective investment
  2. Performing financial projections
  3. Identifying hidden costs
  4. Identifying filing and compliance requirements for federal, state and local taxes
  5. Mitigating risks associated with the transaction
  6. Assessing technical environment and capabilities


Full Back Office Financial Support (AP, AR, GL)

Our support team can run all or part of your finance function (Accounts Receivable, Accounts Payable, General Ledger, Month End Close Process) to ensure that you get accurate, timely management information in a format that meets your needs and reporting requirements. With substantial experience in a variety of software packages, we deliver a tailored solution that works for your business.

Receivables Management

We have extensive experience in advising on all aspects of debt and credit management, resulting in the production of high quality, detailed reporting to provide additional comfort to asset-based lenders, enhancement of new business proposals, and strategic advice to distressed businesses and debtor book collections for struggling or failed businesses.

Payables Management

We cover all aspects of payables management from processing of invoices using technology such as optical character recognition, review of supplier statements and reconciling accounts, to payment of invoices using our bacs bureau, which includes issuing remittances. We take the administrative burden out of your accounts payable process.

Preparation of Management Accounts

We design and deliver tailored dashboards and management reporting packets to meet your requirements and those of your stakeholders. Combining financial and non-financial data, we put you back in control of your reporting and provide the analysis you need to make quick decisions.

SALT Compliance

Our SALT experts can ensure that your sales and local tax returns are fully compliant.

Coordination of International Compliance through inControl

Managing an international group or multi–location company is complex and high risk, particularly where compliance issues are concerned. You may have ultimate responsibility for financial and tax compliance for the group but are dependent on remote teams or Support suppliers. We can help you deal with complicated, local regulatory regimes using our online portal. inControl is a real-time information dashboard which reports on all your accounting and compliance activity cutting the risk of problems or missed deadlines.

Our industry specialization

our team

Vikash Jhunjhunwala

Sanyam Goel

Govind Gupta

our Testimonials


Helpmycpa is like an extension of our own office overseas providing us access to a dependable team, enhancing our processing capabilities, improving turnaround times for clients all with value added advantage of lower cost of processing the work.


New York


The web portal is excellent as every assignment is properly monitored. The FTA team works well for us as work is produced to our quality standard and is well managed.


- CPA & EA Firm

"They do all the tasks right from business understanding to documentation and report preparation. Team is well experienced and coordination with the client was really wonderful. "

- CPA Firm

FAQ Related to Audit Support

  1. Appointment – Hire the auditors who will going to perform the audit.
  2. Plan the audit – after hiring auditors, plan the meeting, form the appropriate audit team.
  3. Understand the client – main stage where we understand what type of audit report the client wants.
  4. Accessing the risk – evaluate all the associated risks, and then move ahead.
  5. Test of controls – here we assess the risk of material misstatement that can occur on the clients financial statements.
  6. Substantive procedures – in this step we gather audit evidences with audit areas.
  7. Audit Report – After performing all the above steps , then the auditor gives either qualified report or unqualified report

  • We are a team including professional’s Chartered Accountants, Certified Public Accountants (USA), Tax Consultants, Financial Advisors, Company Secretary, and Information Technology Advisor in US. We have all the professional team members having more than 15 years of experience.

  • We perform substantive procedures to detect material misstatements in the figures and presentation & disclosures reported in financial statements. Tests of details include verification on transactions, account balances and disclosures.

    • 1.Verified the book balance from G/L.
    • 2.Verified Closing Balances from Bank Statements.
    • 3.Verified respective Bank Balances from direct bank confirmations received from banks.
    • 4.Checked the subsequent clearance of reconciliation items.
    • 5.Ensured that no stale cheques are appearing in the bank reconciliation statements.
    • 6.Validated the deposits from the bank confirmations.
    • 7.Calculated interest on deposit as per terms of the bank.
    • 8.Tested cut off samples at end of the year and start of the subsequent year more than TE.
    • 9.Checked the arithematical accuracy of the schedule.

    • 1.Verified the book balance with GL.
    • 2.Ageing of debtors have been verified by obtaining the invoice wise list outstanding as at year end and recomputing the aging based on credit period allowed.
    • 3.Circularize all the debtors and Key items required to be circularised as on March 31, 2020. If the formal confirmations received directly to our office are very less, we perform alternative procedures of testing all the invoices raised by the company to the customer and trace bank receipts for the period. For the confirmations received, we assessed the reconciliation performed by the company.
    • 4.We have verified the subsequent collections of the debtors.
    • 5.Reviewed the account statement of debtors in excess of 50% of TE and ensured that ageing has been calculated properly
    • 6.Provision against the old debts where correspondence with the client and money is not being consistently paid by the customer.
    • 7.In case of recent balances we have examined underlying SOF and invoices.
    • 8.Checked the balance of intercompany debtors through balance confirmation
    • 9.We have tested the clerical accuracy of all ledger balances
    • 10.We have checked the arithematical accuracy of the schedule

    • 1.Verified the opening balance from previous year signed financials
    • 2.Tested the arithematical accuracy of the schedule obtained
    • 3.Checked the classification into current and non-current portion
    • 4.Verified the underlying documents for addition to the security deposit
    • 5.Verified the underlying documents for addition to prepaid expenses and performed recomputation of the amount of prepaid expenses
    • 6.Verified the advance tax challans and EMI of taxes paid under protest, if any.
    • 7.Verified the GST receivable with the GST return.
    • 8.Performed rationalisation for the input credit availed during the year.

    • 1.Traced the Opening gross block as per the PY signed financials.
    • 2.Traced the date of capitalisation from technical Certification 'RFS' for commencement of operations.
    • 3.Review statement of CWIP and ensure that item shown under CWIP are not operational before the period / year end
    • 4.For asset additions greater than threshold limit, examine supporting documents to verify recorded cost
    • 5.Ensure all assets are in the name of the company.
    • 6.Reconciled the balance as per FAR and client schedules to the Trial Balance
    • 7.Checked the additions above 75% of TE from supportings
    • 8.Validate the statement of work completion from the contractor to determine the amount to be recorded as CWIP
    • 9.Rationalised the depreciation as per rates of depreciation as per Company Policy
    • 10.Obtained the project wise summary of the projects capitalised during the year
    • 11.Obtained the understanding of the projects & the assets required for those projects
    • 12.Mapped the assets purchased vis a vis their requirements listed in AFEs (Authority for Expenditure).
    • 13.We have tested the clerical accuracy of all ledger balances
    • 14.Compared the useful life of the assets of the Company with the useful life as per Companies Act 2013 and relevant explanation given in the financial statements wherever considered necessary.
    • 15.Obtained the physical verification report. Refer tab "K_Physical Verification 2020"

    • 1.Verified the opening balance from previous year signed financials
    • 2.Checked the ageing for creditors greater than 50% of the TE along with the subsequent payements
    • 3.Obtained confirmations from vendors and analysed reconciliations in case of differences, if any. In case confirmations are not received, performed alternatives procedures such as subsequent disbursments
    • 4.Obtained and performed the vendor reconciliations in case of major telco creditors
    • 5.Tested appropriate valuation of accounts payable in foreign currencies.
    • 6.Performed the componentwise analytical review and enquired and obtained reasons for unusual movements
    • 7.Verified the aging of the outstanding payables and enquired and obtained reasons for non-payment of payables outstanding for more than one year
    • 8.Tested the Cut-off by inspecting the voucher register and check the reconcillation of the list of creditor with the Financial statements
    • 9.Scrutinised the ledger dumps of expenses for the month of April 2019 and May 2019 to check if the expenses are recorded in the correct accounting period and appropriate accruals are taken in the books
    • 10.Verified the challans of statutory dues like TDS, Service tax, Provident Fund and checked if any statutory due is outstanding for more than six months from the date it became due
    • 11.Verified the data which was sent to actuary for the purpose of actuarial valuation - leave encashment, gratuity.
    • 12.Verified that the closing balance of leave encashment and gratuity provision with the signed actuarial certificates

    • 1.Verifeid book balance with TB
    • 2.Bifurcated revenue on the basis of the stream. Assessed if the revenue is to be recorded at a point in time or over the period of time as per Ind AS 115 basis the agreements and service terms and conditions.
    • 3.We have selected 25 samples of invoices on a random basis out of total population to ensure that controls are workings and are effective.
    • 4.We have verified the SOF and invoices raised to top 40 customers covering 40% of the total revenue
    • 5.We have verified the agreements, SOF and invoices for the new services started.
    • 6.Ensured revenue is recognised only on active business. Verified from system on sample basis that the business on which revenue is recognised are active.
    • 7.Ensured that the revenue has been recognised as per the terms agreed.
    • 8.Identified reasons for variance in terms of new customers, exsiting customers with new connections and termination during the year.
    • 9.Obtained reasons of month on month fluctuation on key customers
    • 10.Verified sample of new customers for its commencement date and documentation and ensured that appropriate revenue has been booked for the same
    • 11.Verified sample of discontinued cutsomres for its termination dates and documentation and ensured that appropriate revenue has been booked for the same
    • 12.Checked CN issued during the year and obtained explanation for such issuance
    • 13.Checked CN issued subsequent to the year and verified if the same pertains to CY revenue.
    • 14.Checked CN and invoices issued in the CY due to GST in order to check the completeness of the revenue recognised.
    • 15.Ensured that revenue for the month of March has been booked appropriately. Verified subsequent invoices raised for unbilled amount.
    • 16.Verified the credit notes issued subsequent to the year end and ensured that the credit note provision is done appropriately for the period under audit
    • 17.Tested the arithematical accuracy of the schedule obtained
    • 18.We have performed Ind AS 115 analysis for One time installation charges that should be deferred along the contract term. Refertab "Ind AS 115"

    • 1.Obtained the nature of income booked.
    • 2.Verified the invoices and tallied with the trial balance.
    • 3.Ensured that appropriate taxes have been duly charged on the Invoice raised and have been subsequently deposited to the respective govt. authorities.
    • 4.Checked Interest Income.

    • 1. Reconciled the amount of financials with the pay register.
    • 2. Identified and bifurcated cost into fixed and variable component.
    • 3. For fixed components verified with offer letters and for variable verified the performance of the employee as per backup calculation and approvals.
    • 4. Performed month on month substantive analaysis. Analysed variance more than 5%.
    • 5. Checked the appointment letters (on sample basis) for the new joiness to ensure their correct date of joining and recalculated their cost and ensured that the amount coming in pay register is correct
    • 6. Verifeid F&F of leavers and recalculated the same basis last pay.
    • 7. Ensured increment is as per increment policy and revised increment letters given to the employees.
    • 8. Checked the basis of bonus provided with the underlying policy, pay register and required approvals.
    • 9. Ensured the data sent to actuary are correct by matching HC, salary, date of birth, date of joinig etc with the saple offer letters and leave balance by selecting some samples.
    • 10. Checked accruals for gratuity and leave encashment with acturial certificate
    • 11. Ensured adequate provisions are made.
    • 12. Performed PF rationalisation. Also verified challans are paid as per amount due and on or before due date.
    • 13. Assessed reason for yearly analysis by comparing the change in HC and change in salary.

    • 1.Scrutinised expense ledger to ensure there is no unusual transaction.
    • 2.Checked all major agreements.
    • 3.Verified supportings for expenses for all items above 25% of TE
    • 4.Where the expenses are below 25% TE, we have covered key items to ensure maximum coverage on a conservative basis
    • 5.Performed rationalisation and ensured that expense is booked for the entire period of the contract.
    • 6.Ensured adequate provisions are made.
    • 7.Ensured that TDS has been deducted on expenses at correct rate
    • 8.We have tested the clerical accuracy of all ledger balances

    • 1.Verified amount with the TB
    • 2.Assessed tax computation as per the laws.
    • 3.Verified advance tax amount paid.
    • 4.Verified amount of TDS receivable with 26AS
    • 5.Obtained clearance from direct tax team.
    • 6.Checked arithematic accuracy of the ledger.

  • No matter what industry, We become a highly effective extension of client operations by delivering timely, dependable and cost-effective results.

  • If the client doesn’t have the set of controls, we do provide them with their designing of controls as per the nature of their organizations.

  • Many companies use Support services not to deal with the burdens and expense that come with having in-house employees.
    • · Cost: Companies save money by support their Auditing Services Auditing by not having to pay for employee’s benefits, taxes, paid time off, or the time it takes to hire, train and setting up office space.

    • · Scalability and customizable approach: You pay for the services that you need. In this case you need to pay for the testing of controls.

    • Appointment – Hire the auditors who will going to perform the audit.
    • Plan the audit – after hiring auditors, plan the meeting, form the appropriate audit team.
    • Understand the client – main stage where we understand what type of audit report the client wants.
    • Accessing the risk – evaluate all the associated risks, and then move ahead.
    • Test of controls – here we assess the risk of material misstatement that can occur on the clients financial statements.
    • Substantive procedures – in this step we gather audit evidences with audit areas.
    • Audit Report – After performing all the above steps , then the auditor gives either qualified report or unqualified report

  • Weekly client tracker and calls to update the status
  • We first see what controls does the client uses and effectiveness of those controls. Because of which auditors examine to see whether the controls were performed as stated. The main point of the test is to see if a control functions properly. If the auditors encounter an error in a test of controls, they will expand the sample size and conduct further testing. If additional errors are found, they will consider whether there is a systematic controls problem or if the errors appear to be isolated instances that do not reflect upon the overall effectiveness of the control in question. And then design the new controls depending upon the existing effectiveness of the controls.
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