Global Auditing Services
Multinational groups require coordinated audit approaches across jurisdictions, consistent IFRS application, and transfer pricing audit defense spanning multiple tax authorities.
Multinational groups require coordinated audit approaches across jurisdictions, consistent IFRS application, and transfer pricing audit defense spanning multiple tax authorities. Fintax Support Limited prepares group audit-ready financial statements under IFRS, compiles ISA-compliant working papers across entities, and serves as central coordination point between component auditors in each country. We support OECD transfer pricing audits, CRS compliance reviews, and due diligence for cross-border acquisitions.
Regulatory Framework
ISA 600 requires group auditors to direct and supervise component auditors, review their work, and evaluate consolidated financial statements. IFRS 10 governs consolidation of subsidiaries worldwide. Transfer pricing audits by multiple tax authorities may examine the same intercompany transactions — consistent documentation across jurisdictions is critical.
Our Auditing Services in Global
Multi-Jurisdiction Statutory Audits
Coordinate statutory financial statement audits across multiple countries where your group operates. We prepare IFRS or local GAAP accounts, ISA-indexed working papers, and PBC schedules for each jurisdiction so registered statutory auditors can issue unmodified opinions on time — aligned to national audit mandates, lender covenants, and shareholder reporting deadlines.
Cross-border audit coordination
Centralised PBC management and timeline alignment across statutory auditors in each operating jurisdiction.
ISA-indexed working papers
Trial balances, lead schedules, and reconciliations indexed to International Standards on Auditing (ISA) issued by the IAASB.
National mandate mapping
Audit obligation assessments against local statutory thresholds, regulatory filing deadlines, and approved auditor requirements.
Multi-entity PBC delivery
Standardised PBC templates and substantiation packages tailored to each jurisdiction's audit programme and disclosure rules.
How It Works
Jurisdiction audit requirement mapping
Identify statutory audit mandates, national ISA adoption, filing deadlines, and approved auditor lists for each operating entity.
Entity-level working paper preparation
Compile adjusted trial balances, account reconciliations, and disclosure drafts per local GAAP or IFRS for each statutory audit.
Multi-auditor fieldwork support
Respond to PBC requests, provide substantiation, and resolve testing exceptions across concurrent statutory audit engagements.
Report issuance & filing coordination
Coordinate signed audit reports, board approvals, and regulatory filings across all jurisdictions within prescribed deadlines.
Jurisdiction audit requirement mapping
Identify statutory audit mandates, national ISA adoption, filing deadlines, and approved auditor lists for each operating entity.
Entity-level working paper preparation
Compile adjusted trial balances, account reconciliations, and disclosure drafts per local GAAP or IFRS for each statutory audit.
Multi-auditor fieldwork support
Respond to PBC requests, provide substantiation, and resolve testing exceptions across concurrent statutory audit engagements.
Report issuance & filing coordination
Coordinate signed audit reports, board approvals, and regulatory filings across all jurisdictions within prescribed deadlines.
Groups operating across multiple jurisdictions face parallel statutory audit obligations governed by national transposition of International Standards on Auditing (ISA) as issued by the International Auditing and Assurance Standards Board (IAASB). Each country applies its own audit thresholds, filing deadlines, and approved auditor registration requirements — yet lenders, investors, and group reporting calendars demand coordinated completion. We prepare audit-ready working papers including adjusted trial balances, bank and intercompany reconciliations, related-party disclosures, and going-concern analyses before statutory auditors begin ISA fieldwork in each jurisdiction. Centralised PBC management reduces duplicate requests, aligns intercompany balances for consistency testing, and accelerates report issuance ahead of covenant deadlines and consolidated group reporting timelines.
Common Questions
Group Audit Coordination & Consolidation
Support group audit engagements under ISA 600 (Revised 2023) — Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors). We prepare consolidation working papers, component auditor instructions, intercompany eliminations, and group disclosure schedules so your group engagement partner can issue an opinion on consolidated financial statements efficiently.
ISA 600 (Revised 2023) alignment
Group audit documentation structured to ISA 600 revised 2023 requirements for component auditor direction and review.
Consolidation working papers
Elimination entries, goodwill schedules, NCI calculations, and segment reporting reconciliations prepared for group audit fieldwork.
Component auditor liaison
PBC coordination, scope alignment, and findings consolidation across component auditors in multiple jurisdictions.
Group disclosure preparation
IFRS consolidated note drafts including related-party, segment, and subsequent events disclosures for group audit testing.
How It Works
Group audit scoping & planning
Map significant components, identify group engagement team responsibilities, and align timelines with component auditors under ISA 600.
Consolidation & elimination preparation
Compile adjusted group trial balance, intercompany eliminations, acquisition accounting, and goodwill impairment support.
Component auditor coordination
Deliver group instructions, respond to component auditor inquiries, and consolidate findings and misstatements for group reporting.
Group audit report support
Finalise consolidated financial statements, group management representation letter, and board approval for group audit opinion issuance.
Group audit scoping & planning
Map significant components, identify group engagement team responsibilities, and align timelines with component auditors under ISA 600.
Consolidation & elimination preparation
Compile adjusted group trial balance, intercompany eliminations, acquisition accounting, and goodwill impairment support.
Component auditor coordination
Deliver group instructions, respond to component auditor inquiries, and consolidate findings and misstatements for group reporting.
Group audit report support
Finalise consolidated financial statements, group management representation letter, and board approval for group audit opinion issuance.
Group audits of consolidated financial statements are governed by ISA 600 (Revised 2023), which sets out how group engagement partners direct, supervise, and review the work of component auditors across multiple jurisdictions. The revised standard strengthens requirements for identifying significant components, evaluating component auditor competence, and consolidating findings into group audit documentation. We prepare consolidation working papers including intercompany elimination entries, goodwill and intangible asset schedules, non-controlling interest calculations, and IFRS disclosure drafts — indexed for group audit fieldwork under International Standards on Auditing as issued by the IAASB. Effective coordination between the group engagement team and component auditors reduces scope limitations, accelerates consolidated opinion issuance, and minimises repeat findings across annual group audit cycles.
Common Questions
Cross-Border Due Diligence
Support cross-border transaction due diligence with structured financial, tax, and operational review programmes aligned to recognised due diligence frameworks. We assemble data room schedules, quality-of-earnings analyses, working capital assessments, and red-flag reports so acquirers, investors, and lenders can evaluate targets operating across multiple jurisdictions with confidence.
Financial due diligence
Quality-of-earnings, normalised EBITDA, and working capital analyses across target entities in multiple countries.
Multi-jurisdiction scope
Coordinated review of financial statements, tax positions, and contracts across all target operating jurisdictions.
Due diligence framework alignment
Structured programmes aligned to recognised due diligence frameworks covering financial, tax, legal, and operational workstreams.
Red-flag identification
Material findings classified by severity with impact quantification for purchase price adjustment and warranty negotiations.
How It Works
Scope definition & data room setup
Define due diligence scope, request lists, and data room structure aligned to transaction timeline and buyer requirements.
Financial & operational analysis
Perform quality-of-earnings, working capital, and debt-like item analyses across target entities and jurisdictions.
Findings consolidation & reporting
Consolidate red flags, quantify financial impact, and deliver due diligence report with management presentation.
Transaction support & closing
Support purchase price mechanism negotiations, closing accounts preparation, and post-close integration audit readiness.
Scope definition & data room setup
Define due diligence scope, request lists, and data room structure aligned to transaction timeline and buyer requirements.
Financial & operational analysis
Perform quality-of-earnings, working capital, and debt-like item analyses across target entities and jurisdictions.
Findings consolidation & reporting
Consolidate red flags, quantify financial impact, and deliver due diligence report with management presentation.
Transaction support & closing
Support purchase price mechanism negotiations, closing accounts preparation, and post-close integration audit readiness.
Cross-border due diligence requires coordinated financial, tax, and operational review across target entities operating in multiple jurisdictions — applying structured due diligence frameworks that cover quality-of-earnings analysis, working capital normalisation, debt-like item identification, and contingent liability assessment. We assemble data room schedules, perform ISA-informed analytical procedures on target financial information, and deliver red-flag reports that quantify findings for purchase price adjustment, indemnity, and warranty negotiations. Our programmes align with recognised due diligence frameworks used by private equity sponsors, strategic acquirers, and lenders evaluating international targets. Thorough cross-border due diligence reduces post-acquisition surprises, supports informed valuation decisions, and accelerates integration planning across the combined group.
Common Questions
Transfer Pricing Audit Support
Prepare for transfer pricing audits and tax authority examinations of intercompany transactions across your multinational group. We assemble transfer pricing documentation, benchmarking analyses, intercompany agreement schedules, and audit-ready substantiation so your group can defend arm's-length pricing positions during revenue authority fieldwork.
Arm's-length documentation
Master file, local file, and country-by-country reporting schedules prepared for tax authority review.
Benchmarking substantiation
Comparable uncontrolled price, transactional net margin, and profit split analyses with audit-ready supporting evidence.
Intercompany reconciliation
Cross-border royalty, management fee, and cost allocation reconciliations aligned to transfer pricing policies.
Audit defence preparation
Response packages and position papers prepared for revenue authority inquiries and advance pricing agreement support.
How It Works
Transfer pricing risk assessment
Review intercompany transaction flows, pricing policies, and documentation gaps against OECD Transfer Pricing Guidelines and local rules.
Documentation & benchmarking assembly
Compile master file, local files, benchmarking studies, and intercompany agreements for audit-ready substantiation.
Tax authority inquiry response
Respond to transfer pricing audit information requests, provide economic analyses, and support position defence during fieldwork.
Remediation & policy alignment
Recommend pricing policy adjustments, advance pricing agreement strategies, and documentation improvements for future periods.
Transfer pricing risk assessment
Review intercompany transaction flows, pricing policies, and documentation gaps against OECD Transfer Pricing Guidelines and local rules.
Documentation & benchmarking assembly
Compile master file, local files, benchmarking studies, and intercompany agreements for audit-ready substantiation.
Tax authority inquiry response
Respond to transfer pricing audit information requests, provide economic analyses, and support position defence during fieldwork.
Remediation & policy alignment
Recommend pricing policy adjustments, advance pricing agreement strategies, and documentation improvements for future periods.
Transfer pricing audits by revenue authorities examine whether intercompany transactions — including goods, services, royalties, management fees, and financial arrangements — are priced at arm's length under OECD Transfer Pricing Guidelines and local country rules. Tax authorities increasingly coordinate cross-border examinations through mutual agreement procedures and exchange of information frameworks. We assemble transfer pricing documentation including master files, local files, benchmarking analyses, and intercompany agreement schedules indexed for audit defence. Our support aligns substantiation with ISA-informed analytical review of related-party balances and disclosures in financial statements, ensuring consistency between tax transfer pricing positions and group audit working papers under International Standards on Auditing.
Common Questions
International Regulatory Compliance Audits
Prepare for regulatory compliance audits required by international financial services regulators, stock exchanges, and industry-specific oversight bodies. We assemble compliance working papers, control testing evidence, and regulatory reporting schedules so your organisation meets audit mandates under ISA-aligned assurance frameworks across multiple jurisdictions.
Regulatory mandate mapping
Compliance audit requirements mapped to financial services, listing, and industry-specific regulators in each jurisdiction.
Control testing evidence
Compliance control walkthroughs and operating effectiveness testing documented for regulatory audit fieldwork.
Regulatory reporting alignment
Prudential returns, conduct reports, and regulatory financial statements prepared for auditor and regulator submission.
ISA assurance framework
Working papers indexed to ISA and ISAE standards as adopted by IAASB for regulatory assurance engagements.
How It Works
Regulatory requirement assessment
Identify applicable regulatory audit mandates, filing deadlines, and approved auditor requirements across operating jurisdictions.
Compliance working paper preparation
Compile control documentation, regulatory reporting drafts, and substantiation schedules for compliance audit fieldwork.
Regulatory auditor fieldwork support
Respond to PBC requests, provide control testing evidence, and resolve findings during regulatory audit engagements.
Report & regulatory filing coordination
Coordinate signed compliance audit reports and regulatory submissions within prescribed deadlines.
Regulatory requirement assessment
Identify applicable regulatory audit mandates, filing deadlines, and approved auditor requirements across operating jurisdictions.
Compliance working paper preparation
Compile control documentation, regulatory reporting drafts, and substantiation schedules for compliance audit fieldwork.
Regulatory auditor fieldwork support
Respond to PBC requests, provide control testing evidence, and resolve findings during regulatory audit engagements.
Report & regulatory filing coordination
Coordinate signed compliance audit reports and regulatory submissions within prescribed deadlines.
International regulatory compliance audits are mandated by financial services regulators, stock exchanges, and industry oversight bodies for licensed entities operating across borders — including banks, insurance undertakings, investment firms, and listed companies. These audits are conducted under International Standards on Auditing (ISA) and International Standards on Assurance Engagements (ISAE) as issued by the International Auditing and Assurance Standards Board (IAASB) and adopted by national regulators. We prepare compliance working papers including control environment assessments, regulatory capital reconciliations, conduct risk testing evidence, and prudential return substantiation before regulatory auditors begin fieldwork. Proper preparation reduces qualified opinions, regulatory enforcement actions, and licence renewal delays across multi-jurisdiction regulated operations.
Common Questions
IFRS Conversion & First-Time Adoption Audits
Support first-time adoption of International Financial Reporting Standards (IFRS) and prepare for the associated audit under IFRS 1 — First-time Adoption of International Financial Reporting Standards. We assemble opening balance sheet reconciliations, IFRS 1 exemption schedules, restated comparatives, and ISA-indexed working papers so your auditor can issue an opinion on first IFRS financial statements.
IFRS 1 reconciliation schedules
Opening balance sheet reconciliations from previous GAAP to IFRS with IFRS 1 mandatory exceptions and optional exemptions documented.
Restated comparative preparation
Prior-period comparatives restated under IFRS for consistent presentation in first IFRS reporting period.
ISA audit-ready working papers
PBC schedules and disclosure drafts indexed to ISA requirements for first-time IFRS audit fieldwork.
Conversion impact analysis
Quantified impact of IFRS conversion on equity, earnings, and key financial ratios for stakeholder communication.
How It Works
IFRS 1 conversion planning
Assess IFRS 1 mandatory exceptions, elect optional exemptions, and define conversion timeline aligned to audit and filing deadlines.
Opening balance sheet preparation
Prepare IFRS 1 reconciliation from previous GAAP, document accounting policy changes, and restate opening equity and earnings.
First IFRS financial statement compilation
Compile IFRS accounts with restated comparatives, IFRS 1 disclosure notes, and audit-ready working papers for fieldwork.
First-time IFRS audit support
Respond to auditor inquiries on conversion adjustments, provide substantiation, and coordinate first IFRS audit opinion issuance.
IFRS 1 conversion planning
Assess IFRS 1 mandatory exceptions, elect optional exemptions, and define conversion timeline aligned to audit and filing deadlines.
Opening balance sheet preparation
Prepare IFRS 1 reconciliation from previous GAAP, document accounting policy changes, and restate opening equity and earnings.
First IFRS financial statement compilation
Compile IFRS accounts with restated comparatives, IFRS 1 disclosure notes, and audit-ready working papers for fieldwork.
First-time IFRS audit support
Respond to auditor inquiries on conversion adjustments, provide substantiation, and coordinate first IFRS audit opinion issuance.
First-time adoption of International Financial Reporting Standards is governed by IFRS 1, which sets out procedures for preparing an opening IFRS balance sheet at the date of transition and restating comparatives for consistent presentation. The associated audit is conducted under International Standards on Auditing (ISA) as issued by the IAASB — with heightened auditor focus on conversion adjustments, IFRS 1 exemption elections, and the accuracy of opening balance sheet reconciliations. We prepare IFRS 1 reconciliation schedules documenting mandatory exceptions (such as estimates and hedge accounting) and optional exemptions (including deemed cost for property, plant and equipment), restated comparative financial statements, and ISA-indexed working papers before audit fieldwork begins. Proper conversion preparation reduces audit scope limitations, accelerates first IFRS opinion issuance, and ensures stakeholders receive reliable comparatives for covenant and investment decision-making.
Common Questions
Anti-Money Laundering (AML) Audits
Prepare for anti-money laundering audits and independent reviews of AML compliance programmes aligned to FATF Recommendations and national AML/CFT legislation. We assemble customer due diligence files, transaction monitoring evidence, suspicious activity reporting schedules, and control testing documentation so your organisation demonstrates effective AML compliance during regulatory examination.
FATF Recommendations alignment
AML programme documentation structured to FATF 40 Recommendations and national AML/CFT regulatory requirements.
CDD & KYC file review
Customer due diligence files, beneficial ownership records, and enhanced due diligence substantiation for audit testing.
Transaction monitoring evidence
Alert investigation logs, SAR/STR filing records, and sanctions screening test results documented for audit review.
Control effectiveness testing
AML control walkthroughs and operating effectiveness testing aligned to recognised audit and assurance frameworks.
How It Works
AML programme gap assessment
Review AML policies, procedures, and control design against FATF Recommendations and applicable national AML/CFT legislation.
Documentation & evidence assembly
Compile CDD files, transaction monitoring records, SAR/STR logs, and training evidence for AML audit fieldwork.
Independent review & testing support
Support AML auditor or regulator fieldwork, respond to inquiries, and resolve findings during the examination.
Remediation & programme enhancement
Deliver remediation plans, update AML policies, and implement control improvements identified during the audit.
AML programme gap assessment
Review AML policies, procedures, and control design against FATF Recommendations and applicable national AML/CFT legislation.
Documentation & evidence assembly
Compile CDD files, transaction monitoring records, SAR/STR logs, and training evidence for AML audit fieldwork.
Independent review & testing support
Support AML auditor or regulator fieldwork, respond to inquiries, and resolve findings during the examination.
Remediation & programme enhancement
Deliver remediation plans, update AML policies, and implement control improvements identified during the audit.
Anti-money laundering audits examine whether regulated entities and obliged persons maintain effective AML/CFT compliance programmes aligned to the Financial Action Task Force (FATF) 40 Recommendations and national transposition legislation. Regulators, internal audit functions, and independent reviewers assess customer due diligence procedures, beneficial ownership identification, transaction monitoring systems, suspicious activity reporting, and sanctions screening controls. We prepare AML audit evidence including CDD file samples, alert investigation documentation, SAR/STR filing records, and control testing results indexed to recognised due diligence and assurance frameworks. Effective AML audit preparation reduces regulatory enforcement actions, licence restrictions, and reputational damage — particularly for financial institutions, money service businesses, and designated non-financial businesses operating across multiple jurisdictions subject to FATF mutual evaluation standards.
Common Questions
Multi-Country Inventory Verification
Coordinate physical inventory verification and valuation testing across warehouses, retail locations, and manufacturing sites in multiple countries. We plan count procedures aligned to ISA 501 — Audit Evidence — Specific Considerations for Selected Items, supervise stocktakes, perform test counts, and reconcile results to perpetual records for group audit and statutory audit substantiation.
Multi-site count coordination
Synchronised physical inventory counts across warehouses and retail locations in multiple countries on a common count date.
ISA 501 count procedures
Count procedures aligned to ISA 501 requirements for attendance at physical inventory counting and test counts.
Cut-off & reconciliation testing
Goods in transit, cut-off testing, and perpetual-to-physical reconciliations documented for audit substantiation.
Valuation & obsolescence review
NRV testing, slow-moving inventory analysis, and obsolescence provision substantiation across all count locations.
How It Works
Count planning & scheduling
Plan count dates, location coverage, and team deployment across all inventory-holding sites aligned to audit timelines.
Physical count supervision
Supervise stocktakes, perform test counts, observe count controls, and document exceptions at each location.
Reconciliation & cut-off testing
Reconcile physical counts to perpetual records, test cut-off for goods in transit, and investigate variances.
Audit working paper delivery
Deliver count sheets, reconciliation schedules, and valuation testing evidence indexed for statutory and group audit fieldwork.
Count planning & scheduling
Plan count dates, location coverage, and team deployment across all inventory-holding sites aligned to audit timelines.
Physical count supervision
Supervise stocktakes, perform test counts, observe count controls, and document exceptions at each location.
Reconciliation & cut-off testing
Reconcile physical counts to perpetual records, test cut-off for goods in transit, and investigate variances.
Audit working paper delivery
Deliver count sheets, reconciliation schedules, and valuation testing evidence indexed for statutory and group audit fieldwork.
Physical inventory verification is a critical audit procedure under ISA 501 — Audit Evidence — Specific Considerations for Selected Items, which requires auditors to attend physical inventory counting where inventory is material to the financial statements. Multi-country groups face additional complexity coordinating counts across time zones, currencies, and warehouse management systems while ensuring cut-off accuracy for goods in transit between jurisdictions. We plan and supervise physical inventory counts at all material locations, perform test counts and control observations, reconcile results to perpetual records, and test net realisable value and obsolescence provisions. Count working papers are indexed for component auditors and group engagement teams under ISA 600 group audit procedures, reducing scope limitations and accelerating inventory-related audit fieldwork across the consolidated group.
Common Questions
Pre-Acquisition Due Diligence
Deliver structured pre-acquisition due diligence for buyers evaluating domestic and cross-border targets. We perform financial, tax, and operational review programmes aligned to recognised due diligence frameworks — assembling quality-of-earnings analyses, working capital assessments, and red-flag reports that support valuation, SPA negotiation, and integration planning before deal closing.
Quality-of-earnings analysis
Normalised EBITDA, revenue quality, and one-off item identification with audit-informed analytical procedures.
Due diligence framework alignment
Structured review programmes covering financial, tax, operational, and compliance workstreams per recognised frameworks.
Working capital assessment
Normalised working capital requirements and debt-like item identification for purchase price mechanism design.
Red-flag reporting
Material findings quantified and classified for purchase price adjustment, indemnity, and warranty negotiations.
How It Works
Engagement scoping & data request
Define due diligence scope, prioritise high-risk areas, and issue structured data requests aligned to transaction timeline.
Financial & tax analysis
Perform quality-of-earnings, working capital, tax exposure, and contingent liability analyses on target financial information.
Findings report & management sessions
Deliver due diligence report with quantified red flags and present findings to buyer management and advisors.
Deal support through closing
Support SPA warranty schedules, purchase price mechanism design, closing accounts, and post-close integration readiness.
Engagement scoping & data request
Define due diligence scope, prioritise high-risk areas, and issue structured data requests aligned to transaction timeline.
Financial & tax analysis
Perform quality-of-earnings, working capital, tax exposure, and contingent liability analyses on target financial information.
Findings report & management sessions
Deliver due diligence report with quantified red flags and present findings to buyer management and advisors.
Deal support through closing
Support SPA warranty schedules, purchase price mechanism design, closing accounts, and post-close integration readiness.
Pre-acquisition due diligence provides buyers with independent analysis of a target's financial performance, asset quality, tax exposures, and operational risks before committing to a transaction. Our programmes align with recognised due diligence frameworks applied by private equity sponsors, strategic acquirers, and lenders — covering quality-of-earnings analysis, working capital normalisation, debt-like and cash-like item identification, and contingent liability assessment. We apply analytical procedures informed by International Standards on Auditing (ISA) to evaluate the reliability and completeness of target financial information, while maintaining strict independence from statutory audit engagements. Thorough pre-acquisition due diligence reduces post-close surprises, supports informed valuation and SPA negotiation, and accelerates integration planning for the combined entity.
Common Questions
Frequently Asked Questions
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