AudiTree provides offshore audit support to Australian CA & CPA firms. Our Kochi-based team prepares working papers, performs testing and drafts financial statements inside your own methodology and software, including CaseWare, HandiSoft, Xero Practice Manager and MYOB. Your partners review and sign off. AudiTree is ISO 27001 certified.
What we take on for Australian firms
- Audit planning and risk assessment documentation
- Working paper preparation in your templates
- Lead schedules and reconciliations
- Substantive testing and analytical procedures
- Audit file completion and quality review support
- Financial statement preparation and disclosure drafting
- Management letter and representation letter drafts
- Internal audit fieldwork and control testing
See the full scope on our statutory audit outsourcing, financial statement preparation and internal audit outsourcing pages.
What your firm keeps
- The client relationship
- Judgement areas and materiality
- Review of every working paper
- Sign-off and the audit opinion
Standards and software we already work in
- Australian Accounting Standards (AASB) and Australian Auditing Standards
- ASIC reporting requirements
- CaseWare, HandiSoft, Xero Practice Manager, MYOB, Xero and QuickBooks
We adapt to your methodology and templates. You don’t change software to work with us.
How the time difference works
India Standard Time is 4.5 hours behind AEST, and 5.5 hours behind AEDT during daylight saving. Our working day overlaps your afternoon, so questions raised after lunch in Sydney or Melbourne are answered the same day, and work continues after your office closes.
Getting started
- Scoping call: what is backing up and when your peak hits.
- Setup week: we learn your methodology, working paper templates, software and client requirements.
- Dedicated team: each engagement goes to a named team member who owns it from planning to completion.
- Review loop: your manager reviews, and we action feedback straight away. Every working paper goes through our internal quality review first.
Telling your clients: APES 305
Under APES 305, Australian members who use outsourced services must tell clients who the provider is, where the work is performed, and the nature and extent of the outsourced work. We give you everything you need for your terms of engagement. Read our APES 305 outsourcing disclosure guide.
What Australian firms say
“We engaged AudiTree to provide experienced audit professionals to assist with high-priority audit testing. Their team demonstrated strong audit and systems knowledge and provided valuable support at all levels of the audit process, from detailed testing through to review and completion.”
Judy Brown CA, Managing Director, Brown Auditing Services, Australia
“During that time AudiTree has provided excellent support to expand our business. The partners at AudiTree are highly professional and easy to deal with. I would highly recommend their service.”
Didarul, Nova Audit Group, Australia
Frequently asked questions
Who signs off the audit?
Your firm does. AudiTree prepares and tests; your partners review and sign.
Is client data secure?
AudiTree is ISO 27001 certified. Client files are accessed under restricted access controls and confidentiality agreements.
Do we need to disclose outsourcing to our clients?
Yes. APES 305 requires you to disclose the provider, where the work is done and the nature and extent of the outsourced services. See our APES 305 guide.
Do you work with not-for-profit audits?
We support CA & CPA firms and accounting practices whose clients include not-for-profit organisations. Ask us about your NFP engagements on a call.
Do you do tax work?
No. AudiTree provides audit and accounting support only.
Plan your next audit season
Book a free consultation, download the Stress-Free Busy Season Playbook, or compare providers with our 7 questions to ask an offshore audit partner.
