Audit Support & Regulatory Compliance
Streamlined collaboration for smooth and successful audits. At Startup Solutions, we provide comprehensive audit support to help you navigate the audit process with confidence. From preparing audit-ready documentation to coordinating with auditors, we ensure efficiency, transparency, and accuracy throughout the engagement.
Step-by-Step Audit Support Process
1. Pre-Audit Preparation
Understand audit scope, type (internal, external, tax), and timeline.
Review prior audits, notes, and action items for continuity.
2. Organize Financial Records
Gather all required documents: general ledgers, trial balances, financial statements, bank statements, invoices, payroll reports, and contracts.
3. Prepare Supporting Schedules
Create reconciliations and schedules for key accounts: cash, receivables, payables, fixed assets, loans, etc.
4. Respond to PBC (Prepared by Client) Requests
Address auditor-provided PBC lists systematically and promptly.
Ensure all documentation is clear, labeled, and traceable.
5. Coordinate with Auditors
Act as liaison between your business and the audit team.
Provide clarifications, explanations, and supporting documents as needed.
6. Resolve Issues & Follow Up
Assist in addressing audit findings, discrepancies, or queries.
Recommend corrective actions and assist in their implementation.
Regulatory Compliance Services
Stay compliant. Stay confident. We help your business meet financial and tax compliance requirements under various regulatory frameworks. Whether it’s IRS filings, sales tax compliance, or GAAP/IFRS alignment, our team ensures you're always up to date.
Step-by-Step Regulatory Compliance Process
1. Assess Compliance Requirements
Identify relevant local, state, and federal financial and tax regulations.
Understand industry-specific obligations and deadlines.
2. Compliance Health Check
Conduct a review of current practices, policies, and filings.
Highlight gaps and areas of non-compliance.
3. Documentation & Record-Keeping
Maintain accurate records in compliance with statutory requirements.
Implement standardized procedures for consistency.
4. Filing & Reporting
Ensure timely filing of sales tax, payroll tax, income tax, and other statutory forms.
Prepare compliance reports (e.g., 1099s, W-2s, Form 1120, etc.).
5. Regulatory Updates
Monitor changes in regulations that affect your business.
Update internal processes and systems to reflect new requirements.
6. Audit Trail & Support
Maintain clear documentation to support audit-readiness.
Provide compliance support during government reviews or inquiries.
Why Choose Startup Solutions?
Proactive Approach to Compliance
Experienced in Multi-Jurisdictional Rules
Seamless Coordination with Auditors & CPAs
Clear Documentation & Timely Filings
Peace of Mind During Audits and Inspections
Avoid penalties, delays, and disruptions—stay compliant with confidence. Choose Startup Solutions for trusted audit support and regulatory compliance.