Audit, Compliance & Liaison
For businesses navigating growth, external reporting, regulatory scrutiny, or fundraising, robust audit preparation, compliance frameworks, and stakeholder liaison are essential. Ensuring that your financials, controls, and disclosures align with regulatory and stakeholder expectations reduces risk and builds trust.
Synpact Consulting offers Audit, Compliance & Liaison services as part of its Outsourced CFO suite. We partner with clients to prepare for audits, manage compliance obligations, interact with auditors/regulators, and ensure seamless reporting processes. Our support helps safeguard integrity, reduce surprises, and enable smooth audit cycles.
Why Choose Synpact for Audit, Compliance & Liaison
- Audit‑Ready Preparation: We proactively prepare schedules, reconciliations, and supporting documentation to minimize auditor queries.
- Regulatory & Standards Expertise: Deep knowledge of accounting standards (IFRS, IND AS, GAAP), regulatory norms, and industry compliance demands.
- Coordination & Liaison Strength: We act as the interface between your team, auditors, regulators, and other external parties—streamlining communications.
- Risk & Control Assessment: Evaluate internal controls, identify gaps, propose enhancements, and support remediation.
- Disclosure & Compliance Filings: Assist in preparing statutory reports, regulatory filings, audit letters, compliance schedules, and supporting exhibits.
- Timely & Transparent Process: Maintain audit calendars, deliverables checklists, milestone tracking, and stakeholder updates.
- Post‑Audit Support & Follow‑Ups: Assist in audit queries, management letters, remediation tracking, and regulatory responses.
Our Services in Audit, Compliance & Liaison
- Audit Readiness & Pre‑Audit Review – Prepare audit work schedules, reconciliations, supporting documents, and “audit dry‑runs” to surface issues beforehand.
- Internal Control & Compliance Assessment – Review existing control environment, evaluate risk areas, conduct walkthroughs, and recommend improvements.
- Regulatory & Standards Compliance Support – Assist in compliance with accounting standards, tax, statutory reporting, ROC / regulatory obligations, and disclosures.
- Audit Liaison & Communication – Coordinate interactions with statutory auditors, regulator representatives, tax authorities, and external reviewers—addressing queries and information requests.
- Supporting Schedules & Exhibits Preparation – Draft audit schedules, notes, adjustment memos, reconciliations, footnote disclosures, and audit exhibits.
- Responding to Audit Findings / Observations – Assist in addressing management letters, audit observations, query resolutions, and recommended fixes.
- Remediation Tracking & Implementation Support – Help prioritize, track, and implement remediation of control gaps or compliance recommendations.
- Regulatory Filings & Compliance Event Support – Support regulatory submissions, periodic compliance filings, special audit or inspection events, and legal/regulatory liaison.
Process & Workflow
- Scoping & Audit Timeline Setup – Agree audit period, deliverable schedule, external auditor timelines, and compliance requirements.
- Documentation Collection & Review – Collect financials, reconciliations, prior audit reports, internal controls documentation, and compliance registers.
- Audit Readiness Diagnostics – Conduct gap analysis, control walkthroughs, forecasting risk areas, a “pre‑audit health check.”
- Schedule & Exhibit Preparation – Prepare workpapers, adjustments, disclosure exhibits, and placeholders for auditor review.
- Liaison & Query Handling – Coordinate auditor requests, provide clarifications, supplementary schedules, and facilitate meetings.
- Audit Finalization & Opinions Review – Review auditor’s draft report, management letters, disclosure changes, and coordinate finalization.
- Post‑Audit Remediation & Compliance Follow‑Up – Track management letter items, execute control fixes, follow regulatory follow‑ups, and prepare for next cycle.
Industries & Use Cases
Industries / Sectors Covered:
- Technology / SaaS / Platforms
- Healthcare / Life Sciences
- Clean Energy & Sustainability
- Consumer / Retail
- Fintech & Financial Services
- Manufacturing / Industrial
Use Cases:
- Annual statutory audits of private companies
- Preparation for IPO / public listing audits
- Regulatory inspection / compliance audits
- Audit for fundraising or investor due diligence
- Implementation of internal control frameworks
- Compliance with sectoral regulatory norms (e.g. financial services)
Frequently Asked Questions (FAQs)
Q: How early should audit preparation begin?
A: Ideally several months before audit start date—so schedules, reconciliations, control gaps, and documentation are ready.
Q: Do you handle interactions with external auditors directly?
A: Yes — Synpact can act as your liaison, coordinating requests, schedules, queries, and responses.
Q: What deliverables do you provide?
A: Audit schedules, control review memos, compliance documentation, liaison support, query responses, management letter responses, and remediation tracking.
Q: How long does audit liaison support usually last?
A: From pre‑audit readiness through final audit and post‑audit remediation—often 2 to 3 months or as needed.
Q: Can you assist with regulatory / statutory filings?
A: Yes — we support statutory compliance, regulatory filings, disclosure preparation, and special audit event submissions.
Call to Action
Avoid surprises in your audit cycle, reduce friction with regulators/auditors, and strengthen your control environment.
Synpact Consulting’s Audit, Compliance & Liaison service helps you approach audits with confidence, clarity, and readiness.
Contact: [email protected] to request a sample audit readiness pack or discuss your audit compliance agenda.