CPA Audit Services | Audit Outsourcing for US Firms

Reliable Solutions Audit Outsourcing Services

AcoBloom’s Co-Sourcing (collaborating outsourcing) solution offers customized audit support services to CPA & Audit firms in the U.S., meeting their unique audit talent demands in terms of industry expertise, auditors’ level of experience, software proficiency and more.

By collaborating with AcoBloom, firms can effectively tackle staffing challenges and succeed in an increasingly competitive environment.
All the work performed by our auditors is reviewed by audit managers to ensure quality and accuracy. With the deployment of dedicated auditors coupled with managers who quickly review all the work, we deliver the reviewed and completed files back to the CPA/Audit firm in a timely manner.

This helps CPA and Audit firms significantly reduce the risk of errors or missed deadlines, while ensuring top-quality audit work. This approach also frees up valuable time for firms to acquire new clients and creates opportunities to expand the firm.

Why Choose AcoBloom For Your Audit Outsourcing Services

Our large pool of auditors has extensive experience in audit, review and compilation of various fields ranging from Financial Statements Audit, Non-profit Organisation, Employee Benefit Plan to PCAOB, Governmental & Homeowners Associations.

Easily Connect with Top-tier Talent - Access a large pool of experienced auditors to support your in-house audit team year-round or to handle increased workloads during peak periods.
Leverage Expertise - Enhance your audit department with our experienced audit seniors and audit managers, each bringing at least 3,000 hours of hands-on, practical audit experience.
Proficiency in Auditing & Accounting Standards - We conduct regular trainings of GAAS, PCAOB, GAGAS audit standards & GAAP, IFRS accounting standards for our audit team to ensure they stay current with new regulations and remain fully compliant.
Quality Assurance - The majority of the auditors in our team are CPAs, CAs from US based audit and CPA Firms.

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Our Audit Support Services Capabilities

Scope Of Work

Planning

Prepare the necessary documentation and detail the requirements for conducting the audit.
Roll forward the prior year’s electronic audit file within the audit software.
Transition from using traditional excel-based audit files to electronic audit files.
Ensure proper mapping and reconciliation of the trial balance.
Conduct a preliminary analytical review of the prior year’s audit file.
Perform and document guidance on internal controls.
Verify opening balances.
Select samples and calculate materiality.
Review the books of accounts to ensure compliance with GAAP.

Execution

Assist in preparing, verifying, and reviewing the working papers.
Test internal controls and gather audit evidence.
Verify and index the audit evidence.
Summarize audit findings, cross-reference documents, and provide recommendations to streamline the review process.
Perform casting procedures on accounts to ensure internal consistency, mathematical accuracy, and agreement of lead schedules with final accounts.
Conduct substantive testing and risk assessments.
Assist in circulating balance confirmations.
Carry out a comprehensive end-to-end audit.

Finalization

Reviewing and preparing financial statements.
Conducting independent reviews of audit files to ensure completeness.
Drafting management letter.
Preparing draft memos on auditing or accounting issues.
Compiling risk-based internal audit reports.
Creating and implementing internal control procedures.
Reviewing and preparing GAAP compliance checklists.
Drafting notes to ensure accurate disclosures.
Creating checklists to report discrepancies to the onshore audit team for necessary adjustments to the financial statements and future accounts.

Our Pricing Models

Flexible pricing models: Managed FTE and Hourly Rates for efficiency.

Managed Full Time Equivalent (FTE)

A dedicated full-time resource with 3+ years of experience in US Audits is dedicatedly assigned to your firm, giving 160 hours in a month.
All the work is reviewed by a manager who carries 9+ years of experience to ensure quality and accuracy.
The manager is the key point of contact and available for doing weekly meetings to discuss workflow, planning, feedback, work allocation etc.
The fixed fee per month includes the manager’s review cost as well.

Hourly Pricing

Pay only for the number of hours outsourced per month.
Suitable for the clients who have lesser/ad-hoc volume of work.
Not recommended if you want to have the same audit staff to work on all your engagements.

Frequently Asked Questions

Explore answers to common questions about AcoBloom's services and offerings.

The experience level of our audit team ranges from 3 to 10 years working at US based audit and CPA Firms. Our team majorly consists of CPAs and Chartered Accountants. We allocate full-time, part-time and seasonal audit staff including Audit associates, Audit seniors & audit managers.

AcoBloom adheres to stringent international security standards such as SOC2, GDPR & ISO 27001 to guarantee the highest level of data security. We implement advanced security measures, including encryption, firewalls, intrusion detection systems, Endpoint Security etc. and conduct regular audits to prevent unauthorized access and data breaches.

MyCPE is our training partner, and we conduct regular MyCPE training sessions to make our employees aware of recent audit standards and regulatory changes. All the auditors in our team are required to complete the required minimum no. of CPE/CPD hours.

Yes, we can provide client references of all sizes of CPA firms (large, mid, and small) whom you can directly speak with to assess the quality of our services on various parameters such as quality, turnaround time, cost, communication, data security, etc.

The onboarding process typically takes between 7 to 30 days, depending on the ideal auditor’s availability and the specific skill set required by CPA firm.

No, there is no upfront or onboarding fee to utilize our audit services. You only need to pay as per the engagement model you sign up for.

No, you do not have to sign a long-term contract and can terminate the services by serving a standard notice period.

Schedule A No-Obligation Consultation

Use the form to drop us an e-mail or the old-fashioned phone calls work too at +1 (415) 969-7987

Audit Support Services

Reliable Solutions Audit Outsourcing Services