Review Engagements & Audits

Review Engagements

Our Review Engagement services provide limited assurance on your financial statements, helping stakeholders gain confidence without the depth, time, and cost of a full audit. This service is ideal for SMEs, startups, and growing businesses that require credible financial reporting for banks, investors, or regulatory purposes.

We perform analytical procedures and inquiries to assess whether the financial statements are free from material misstatement and prepared in accordance with applicable accounting standards.

Analytical review procedures and trend analysis
Inquiries with management and key personnel
Financial statement compilation and verification
Adherence to RSRE 2400 and relevant standards
Identification of material inconsistencies or errors
Limited assurance reporting for stakeholders
Cost-efficient alternative to full audits
Enhanced credibility without extensive testing

Outsourcing Solutions for US & UK Businesses

At RKM Consulting Services Pvt Ltd, we deliver end-to-end accounting, finance, and business support solutions that help global firms focus on growth while we manage their back-office operations. Our expertise spans bookkeeping, taxation, payroll, financial analysis, and more ̶ tailored for US and UK businesses

Accounting & Bookkeeping

• Accounts Payable & Receivable Management
• Bank & Credit Card Reconciliations
• General Ledger Maintenance
• Journal Entries & Adjustments
• Financial Statements (P&L;, Balance Sheet, Cash Flow)
• Month-End & Year-End Closures
• Fixed Assets & Depreciation Schedules
• Chart of Accounts Setup & Clean-Up

Tax Preparation & Compliance

• US Individual & Corporate Tax Returns (Form 1040, 1120, 1120S)
• UK Self-Assessment & Corporation Tax (CT600)
• VAT / Sales Tax Filings
• Payroll Tax Filing & Year-End Reporting
• Tax Planning & Advisory Support
• IRS & HMRC Communication Support

Payroll Management

• Employee Setup & Onboarding
• Weekly / Monthly Payroll Processing
• PAYE, National Insurance, FICA & Benefits Administration
• Payslip & Report Generation
• Payroll Compliance & Tax Filings

Financial Planning & Analysis (FP&A;)

• Budgeting & Forecasting
• Variance & Cash Flow Analysis
• Management Reporting Packs
• Break-even & Scenario Modelling
• KPI Dashboards & Business Insights

Advisory & Consulting

• Budgeting & Forecasting
• Variance & Cash Flow Analysis
• Management Reporting Packs
• Break-even & Scenario Modelling
• KPI Dashboards & Business Insights

Value-Added Services

• Catch-up & Clean-up Bookkeeping
• Audit Preparation & Support
• Financial Data Migration
• Power BI / Excel Dashboard Reporting

What We Do

Planning to report, including comprehensive review engagements, efficiently offering assurance.

What We Do

Review of financial statements (Balance Sheet, P&L, Cash Flow)
Analytical review of key financial ratios and trends
Management inquiries and discussions
Compliance with applicable accounting frameworks
Issuance of Review Report with limited assurance

Who Needs This Service?

Internal Control Assessment

Assessment of key controls over financial reporting by enquiry that does not involve extensive testing. We consider segregation of duties, authorization and reconciliation practices. Weaknesses found during the review are reinforced with recommendations.

Financial Statement Review

Scholarly checks of trial balances, ledgers and disclosures to be complete and compliant with Ind AS. Accruals and deferrals. Cut-off testing is used to test period accuracy. The changes suggested in cases of material misstatements are used to give a fair presentation.

Management Representation

Listing of signed letters confirming claims on completeness, cut-offs and litigation reveals. Subsequent events review after the date of the balance sheet. Disagreements are solved through coordination before they are finalised.

Review Report Issuance

Issuance of an independent review report stating confident review results per standards. Negative assurance wording highlights no material modifications needed. Distribution to banks, investors with explanatory notes enhances credibility.

Why Choose a Review Engagement?

Cost-effective alternative to a statutory audit
Enhances credibility with lenders and investors
Identifies financial inconsistencies early
Suitable for non-mandatory audit entities
Faster turnaround with professional assurance

We Use The Tools You Use

Benefits At CredenCore Advisors

CredenCore Advisors provides high-quality accounting outsourcing, tax compliance, payroll and virtual CFO services so small or growing businesses can grow and stay clear of financial confusion.

We work with

Seamless Business Growth

Outsourcing of accounting, bookkeeping, payroll, and tax services is provided on an extensive basis. Using our trained personnel, your company will experience unparalleled precision, efficiency in operations, as well as the liberty to concentrate on the customers without restraint to expand without the need for overhead in the staffing process.

We work with

Collaborative Innovation Culture

Full service outsourcing of accounting, bookkeeping, payroll and tax services to the utmost standards. Our expert teams collaborate seamlessly with your operations, delivering instant knowledge, optimization of processes, and tailored solutions to stimulate innovation and long-term collaborative success.

We work with

Truly Impactful Financial Outcomes

Accounting, bookkeeping, payroll and tax services outsourced to the utmost standards. Through our developed assets, your company realizes 40-60% cost reductions, 99% of accuracy levels, improved compliance and strategic FP&A with direct positive returns on profitability and competitive positioning.

We work with

Exceptional Work-Life Balance

Fully outsourced accounting, bookkeeping, payroll and tax services are provided to the highest level of standards. The flexibility and hybrid models of our work and automated workflows mean that you will never experience the stress of peak season, as your team will be well-balanced, whilst we ensure deadlines are met in every instance with precision and reliability around the clock.

We work with

Our approach

Our approach is practical, transparent, and compliant, ensuring you receive meaningful insights while meeting your reporting requirements efficiently.

Compliance Audit Services

In today’s regulated business environment, staying compliant is not optional—it’s essential. Our Compliance Audit Services help organizations identify gaps, reduce risks, and ensure adherence to applicable laws, regulations, and internal policies.

We conduct systematic and independent audits to assess whether your business operations comply with statutory, regulatory, and contractual requirements.

Regulatory compliance gap analysis
Audit readiness assessments and checklists
Documentation compilation and organization
Internal control reviews and testing
Liaison with regulatory authorities and auditors
Mock audits and simulation exercises
Remediation of findings and corrective actions
Ongoing compliance monitoring and reporting

What Is a
Compliance Audit?

A compliance audit is a structured review of an organization’s adherence to laws, rules, standards, and internal controls. It helps businesses avoid penalties, improve governance, and build stakeholder confidence.

What Is a
Compliance Audit?

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Global Clients

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Employees Worldwide

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Years of experience

Delivery Centers

Our Compliance Audit Coverage

We offer end-to-end compliance audits across key areas, including

Statutory & Regulatory Compliance

Tax Compliance

Labour & Employment Laws

Corporate Governance & Secretarial Compliance

Industry-specific & Internal Compliance

Training & Policy Frameworks

Tailored compliance best practices seminars and reviewed SOPs that were consistent with MCA notifications. Monitoring dashboards based on risk are used to track the current compliance in advance. Audit readiness is upheld on a year-round basis through annual refreshers.

Why Choose Us?

Benefits At CredenCore Advisors

CredenCore Advisors provides high-quality accounting outsourcing, tax compliance, payroll and virtual CFO services so small or growing businesses can grow and stay clear of financial confusion.

We work with

Seamless Business Growth

We work with

Collaborative Innovation Culture

Our Audit Approach

Benefits of Compliance Audit

We work with

Who Should Opt for Compliance Audit?

Financial Statement Audit

A financial statement audit provides independent assurance that your financial statements present a true and fair view of your business. Our audit services are designed to enhance credibility, strengthen internal controls, and ensure compliance with applicable accounting standards and regulatory requirements.

Audit preparation and documentation organization
Financial record verification and reconciliations
Internal control assessments and testing
Liaison with external auditors and queries
Compliance checks against GAAP/IFRS standards
Schedule preparation and lead file management
Error identification and corrective adjustments
Post-audit resolution and reporting enhancements

What We Do

We conduct a systematic examination of your books of accounts, records, and financial statements in accordance with statutory requirements and auditing standards. Our approach goes beyond compliance—focusing on risk assessment, process improvement, and transparency.

Our Audit Services Include

Our Approach

Thorough understanding of your business and industry
Risk-based audit planning
Detailed verification and analytical review
Clear reporting with practical insights
Timely completion with minimal business disruption

Benefits to Your Business

Improved financial accuracy and reliability
Enhanced stakeholder and investor confidence
Early identification of risks and control gaps
Better decision-making through credible financial data
Compliance with statutory and regulatory requirements

Technical Accounting Support

Special memoranda on such complicated sections as revenue recognition, leases, and impairments according to Ind AS/IFRS. Policy consistency is guaranteed through policy alignment and disclosure reviews. Technical advice adjudicates controversial accounting resolutions very quickly.

Post-Audit Remediation

Audit observations, analysis and implementation roadmap of control improvements. Close findings are permanently closed by responding through a management letter and making a follow-up verification. Learned lessons are a part of future preparation processes.

Compliance Reporting

CARO reporting, directors’ reporting and secretarial audit linkages preparation towards comprehensive compliance. Disclosures are empowered by benchmarking against peers. Active filings stop regulatory notices after audit.

Review Engagements & Audits