BMC SAAS offers highly qualified and specialized professionals with expertise in US GAAP, IFRS, and PCAOB/AICPA auditing requirements to support your financial auditing needs. From our offices in India, we provide comprehensive audit services that help fulfill regulatory obligations, enhance stakeholder trust, and streamline your workload at a fraction of the cost.​

​

Why Choose BMC SAAS for Your US GAAP & IFRS Audits?

​

Audit Under IFRS & US GAAP

Offshoring your audit to BMC SAAS ensures compliance with US GAAP and IFRS standards while reducing costs and improving operational efficiency. Our in-house staff is well-versed in complex audit regulations, delivering high-quality services designed to meet the demands of modern businesses and financial reporting requirements.

 

 

Benefits of Auditing Financial Statements under US GAAP

​

• Improves Credibility: Audited financial statements add credibility to your reported financial position and performance, helping organizations and nonprofits apply for federal or state grants and bid for contracts.

 

• Legal Requirement: The SEC mandates that all public entities file annual reports with audited financial statements, ensuring compliance with financial regulations.

 

• Credit Purpose: Lenders and financial institutions often require audited financial statements to assess financial stability, which are typically requested during initial loan applications and must be submitted annually as part of debt covenants.

 

• Suppliers: Suppliers may request audited financial statements before extending trade credit, particularly for substantial credit amounts.

 

 

Why Do You Need an Audit of Financial Statements under IFRS?

 

• Enhanced Credibility: Audited financial statements ensure compliance with IFRS, providing investors and stakeholders with reliable information for decision-making.

 

• Regulatory Compliance: Many jurisdictions require IFRS-compliant financial statements to meet legal and regulatory standards. An audit ensures adherence and helps avoid penalties.

 

• Risk Management: Auditors evaluate internal controls and potential risks, helping to safeguard against financial mismanagement and fraud.

 

• Investor Confidence: Audited financial statements demonstrate transparency and accountability, attracting investors and boosting company reputation.

 

• Improved Financial Reporting: The audit process enhances the quality of financial reporting, offering valuable insights for better decision-making and performance optimization.

​

Process of Financial Statements Audit

Audit Strategy

Our independent auditors gather sufficient and appropriate audit evidence to provide an opinion on the fairness of financial statements. This involves assessing internal controls and determining whether they can be relied upon for various audit components.

 

Audit Procedure

We perform a range of audit procedures to gather evidence that supports an independent opinion on the accuracy of the financial statements. This process includes thorough testing, evaluations, and reviews at multiple stages.

 

Evaluates Results

As we complete the audit, we evaluate the results and issue an audit opinion, which can be unqualified, qualified, a disclaimer, or adverse, depending on the findings.

 

Communicates Results

The audit results are communicated to the audit committee or governing body, including any deficiencies noted in internal controls.

 

​

Why Partner with BMC SAAS?

 

Risk-Based Audit Approach

Our audit approach focuses on understanding business risks and internal controls. We conduct interviews with key personnel, review new contracts, and evaluate how business objectives translate into audit risks, ensuring a thorough and strategic review.

 

Documentation and Communication

We document and test significant business cycles, including treasury, accounts receivable, revenue recognition, accounts payable, and more. Our work involves direct communication with third parties, such as banks and external legal counsels, ensuring comprehensive coverage.

 

Paperless Audit Tools

Using advanced, paperless audit software, we streamline the audit process with detailed work programs and supporting documentation. This reduces audit costs, enhances internal documentation, and ensures compliance with professional standards.

​

Let BMC SAAS create your IFRS & US GAAP audit reports with precision, expertise, and efficiency. Trust us to deliver cost-effective, high-quality audit services that meet both US and international standards.