Your Partner in Audit Excellence

Financial Statement Audit, Review, & Compilation

• Audit Planning and Risk Assessment, including materiality determination, preliminary analytics, and identification of key risk areas

• Preparation of standardized, review-ready audit workpapers aligned with firm methodologies and US audit standards

• Analytical and substantive audit procedures, including flux analysis, variance investigation, and journal entry testing

• Substantive testing of balance sheet and income statement accounts with clear audit evidence and documentation

• Resolution of accounting and auditing issues, including audit adjustments, reclassifications, and technical support

• Financial statement preparation and audit documentation support, including tie-outs, disclosures, and final audit file readiness

Services We Offer

Employee Benefits Plan (EBP) Audit

• Comprehensive audit support for Defined Contribution, Defined Benefit, Profit-Sharing, 401(k), 403(b), and 401(a) employee benefit plans

• Audit planning and risk assessment in accordance with AICPA Employee Benefit Plan (EBP) audit standards

• Scope determination and audit strategy support aligned with plan complexity and regulatory requirements

• Preparation of audit-ready workpapers, schedules, and supporting documentation

• Participant data, contribution, distribution, and benefit payment testing support

• ERISA and DOL compliance assistance, including Form 5500 support and audit completion reviews

Not-for-profit (NFP) Audit

• Audit planning support, including proposals, effort estimation, budgeting, preliminary analytics, and materiality determination

• Risk assessment and internal controls walkthroughs and testing aligned with audit standards

• Analytical, substantive, flux analysis, and journal entry testing workpapers with appropriate audit evidence

• Preparation of functional expense schedules and net assets roll-forward support

• Budget-to-actual analysis with variance explanations for audit review

• Financial statement preparation, including in-kind donation testing and related disclosures

HUD Audit

• Audit planning, including understanding the entity, its operations, and regulatory environment

• Risk assessment and evaluation of internal controls, including General IT controls

• Analytical procedures and substantive testing of Profit & Loss and Balance Sheet accounts

• Compliance audit support for major HUD programs in accordance with applicable requirements

• Audit reporting support, including documentation and compliance findings

• REAC submission support for profit-motivated participants in selected HUD Housing and Ginnie Mae programs.

Internal Audit & Risk Advisory

• Internal audit planning and risk assessment focused on key business processes and control objectives

• Evaluation of internal controls and governance frameworks to identify gaps and improvement areas

• Process reviews and compliance testing aligned with internal policies and regulatory requirements

• Operational, financial, and IT risk assessments to strengthen enterprise risk management

• Identification of control deficiencies with practical remediation recommendations

• Clear reporting and advisory support to enhance controls, mitigate risks, and improve operational efficiency

SOX / IFC Compliance

• SOX and Internal Financial Controls (IFC) planning and risk assessment, including scoping and identification of key controls

• Documentation of business processes, narratives, and control matrices in line with SOX requirements

• Walkthroughs and testing of design and operating effectiveness of internal controls

• Identification and evaluation of control deficiencies, including remediation support

• Coordination with external auditors and support for SOX audit requirements

• Reporting and ongoing compliance support to strengthen internal control environments

Single Audit Support Services

• Single Audit planning and compliance support in accordance with Uniform Guidance (2 CFR Part 200)

• Identification and assessment of major federal programs using risk-based approach

• Internal control evaluation and testing over compliance requirements for federal awards

• Substantive testing of federal expenditures, allowable costs, and program compliance

• Preparation of audit-ready workpapers, schedules, and supporting documentation

• Assistance with Schedule of Expenditures of Federal Awards (SEFA) preparation and review

• Support for audit findings, corrective action plans, and reporting requirements

• Coordination with auditors and PBC management to ensure timely audit completion

• Substantive testing across all financial cycles

• Revenue Recognition Audit Support (ASC 606)

• Inventory and fixed asset auditing

• PCAOB-standard documentation

• Lease Accounting Audit Support (ASC 842)

• Fixed Asset & Depreciation Audit Support

• Post-Audit Remediation & Process Improvement

Other Audit Support Services

Our Value as Your Audit Support Partner

1.High-Caliber Offshore Finance Talent :

Access highly skilled finance professionals delivering accurate, reliable, and scalable support across all financial operations.

2.Enabling Your Firm to Operate at Its Highest Value:

We handle execution so your firm can focus on strategy, clients, and long-term growth.

3.Seamlessly Embedded Delivery Teams:

Our teams integrate with your workflows, systems, and culture to function as a true extension.

4.Faster Closures, Faster Client Results:

Accelerate month-end, reporting, and audits with streamlined processes that improve speed and service delivery.

5.Built-in Compliance and Data Protection:

Your data and compliance requirements are safeguarded through strict controls, secure systems, and global regulatory standards.

Why Choose Kaalafino?

1.Experienced Professionals :

Our team consists of (CAs),(CMAs) ,CPA hands-on experience in audit, accounting, and assurance services.

2.Strong US Audit Exposure:

We have extensive experience supporting US CPA firms with audit execution, workpapers, GAAP compliance, and internal control testing.

3.Data Security & Confidentiality:

We follow strict data protection protocols and confidentiality standards to ensure complete security of client information.

4.Cost-Effective Offshore Support:

We have extensive experience supporting US CPA firms with audit execution, workpapers, GAAP compliance, and internal control testing.

5.Quality-Driven Approach:

We emphasize audit quality, detailed documentation, and compliance with professional standards.

Industries We Serve

• Professional Services

• Technology & SaaS

• Manufacturing

• Trading & Retail

• Real Estate & Construction

• Healthcare & Life Sciences

• Startups & SMEs

• E-commerce & Online Businesses