Among the primary things that CPA/CA Firms take into account prior to outsourcing their services to a provider is their dependability, cost effectiveness, previous work experience and most significantly their methodology of work. C&R has evolved and developed a robust delivery model to ensure minimum effort and maximum effectiveness. Our Delivery methodology incorporates all the steps required for seamless delivery of tasks by C&R from the moment the decision to outsource to C&R is taken by the CPA/CA Firms. The methodologies include actions required both by the CPA/CA Firms and C&R.
Initiation Procedure:
- Signing of NDA and Contracts.
- Choice of Technology Model.
- Workflow setup (done either using CNRCRM tool or Client chosen Workflow tool).
- Access to the client data using:
- Cloud
- Remote Desktop Connection
- Workflow tool
Delivery Methodology:
- Allocation of work to the staff.
- Review and sorting of documents. Reach out to the customer for additional information.
- Commence the book keeping engagement based on the documents provided.
- Review the book keeping work and seek clarification if any required from the client.
- Sign off the book keeping engagement.
- Inform the customer of completion using workflow tool and deliver the processed document by uploading in Cloud or RDP or Workflow Tool.
Initiation Procedure:
- Signing of NDA and Contracts.
- Choice of Technology Model.
- Workflow setup (done either using CNRCRM tool or Client chosen Workflow tool).
- Access to the client data using:
- Cloud
- Remote Desktop Connection
- Workflow tool
Delivery Methodology:
- Allocation of work to the staff.
- Review and sorting of documents. Reach out to the customer for additional information.
- Book marking and Annotations.
- Commence the tax returns processing based on the documents provided.
- Review the processed tax returns and seek clarification if any required from the client.
- Sign off the tax return processing engagement.
- Inform the customer of completion using the workflow tool and deliver the processed document by uploading in Cloud or RDP or Workflow Tool.
Initiation Procedure:
- Signing of NDA and Contracts.
- Choice of Technology Model.
- Workflow setup (done either using CNRCRM tool or Client chosen Workflow tool).
- Access to the client data using:
- Cloud
- Remote Desktop Connection
- Workflow tool
Delivery Methodology:
- Allocation of work to the staff accountant.
- Review of Documents along with Trial Balance provided and revert to the customer if any additional information is required.
- Compile the financial statements as per the generally accepted accounting principles and prepare other schedules with the Templates available.
- Review the financial statements and seek clarification if any required from the client.
- Review the processed tax returns and seek clarification if any required from the client.
- Signing off the compilation engagement in CaseWare, etc.
- Inform the customer of completion through workflow tool and deliver the processed document by uploading in Cloud or RDP or Workflow Tool.
Initiation Procedure:
- Signing of NDA and Contracts.
- Choice of Technology Model.
- Workflow setup (done either using CNRCRM tool or Client chosen Workflow tool).
- Access to the client data using:
- Cloud
- Remote Desktop Connection
- Workflow tool
Delivery Methodology:
- Review of Documents along with General Ledgers provided, update the Knowledge of Client Business checklist and setup the Materiality threshold for Review purposes.
- Allocation of work to the staff.
- Conduct the review procedures for Balance Sheet items and Income Statement and seek clarification or additional information from the client.
- Review the financial statements and seek clarification if any required from the client.
- Update the Working Papers, Schedules and Review Checklist Procedure based on client communication.
- Review the financial statements, Working Papers and update the notes to the financial statements. Seek clarification/information, if any required.
- Signing off the compilation engagement in CaseWare & Working Papers.
- Inform the customer of completion using workflow tool and deliver the processed document by uploading in Cloud or RDP or Workflow Tool.