Liaison with external auditors is more effective when meetings are held at appropriate intervals during the period. The external auditor would need to be advised of and have access to relevant internal auditing reports and be kept informed of any significant matter that comes to the internal auditor’s attention which may affect the work of the external auditor.

We can designate an experienced person with strong management and communication skills as a audit liaison person within your organization who will act as the external auditors’ main contact.

We can further recommend necessary arrangements for the audit team  staffing and preliminary audit schedule. Our services includes but not limited to:

• Obtain the list of requested records by external auditor and develop an approach for pulling the information on a timely basis. Give a target date for providing records to the auditors

 

• Review the records prior to submission to the external auditor. Consider if the records provide the necessary support. Anticipate what questions the records may provoke.

 

• Maintain a list of all records provided to the auditor

 

• Meet with auditors at least weekly to pick up of the status of the audit and potential issues that are identified.

 

• Verify the facts on which issues are based; perform re-calculations and review source documents, if necessary