Doorstep specializes in setting up Offshore Audit Operations Centers (OAOCs), providing end-to-end solutions that include talent acquisition, secure infrastructure, and integration support. This cost-effective
approach helps businesses optimize audit processes, access skilled professionals, and maintain robust governance standards.
An Offshore Audit Operations Center (OAOC) is an essential strategic asset for organizations aiming to streamline their audit functions, reduce operational costs, and enhance oversight. Doorstep’s expertise
in establishing OAOCs in developing countries enables businesses to achieve these goals while ensuring seamless alignment with global auditing standards.
WHY YOUR COMPANY NEEDS AN OAOC
Organizations today face increasing demands for transparency, efficiency, and compliance in their audit operations. Challenges such as high local staffing costs, talent shortages, and the complexity of
global audit requirements make it difficult to sustain effective audit functions. An OAOC provides a practical solution by leveraging cost-effective resources and expertise from developing countries.
Cost Reduction: Establishing an OAOC in a developing country significantly lowers costs associated with hiring auditors, infrastructure setup, and operational management. The reduced cost of living in these regions allows businesses to access high-quality audit services while reallocating resources to strategic priorities.
Access to Skilled Auditors: Doorstep facilitates access to a global talent pool of certified auditors, financial analysts, and governance experts. These professionals bring expertise in standards such as IFRS, SOX, and local regulatory frameworks, ensuring comprehensive and accurate audit operations.
Scalability and Flexibility: Doorstep’s OAOC model provides businesses with the agility to scale operations according to changing audit requirements. Whether you need to expand capacity for peak seasons or reduce team size during downtime, our solution ensures optimal resource utilization without long-term commitments.
Enhanced Governance and Focus: Delegating audit operations to an OAOC allows your organization to prioritize strategic initiatives such as innovation and market expansion. Doorstep ensures that the offshore team seamlessly integrates with your in-house operations, maintaining transparency and alignment with your governance framework.
HOW DOORSTEP CAN HELP YOU SET UP AN OAOC
Doorstep’s comprehensive approach to setting up an Offshore Audit Operations Center ensures that your business needs are met efficiently and effectively:
Location Analysis and Setup
- Identify the best location based on talent availability, cost-effectiveness, and timezone compatibility.
- Establish secure office spaces with advanced technology and compliance-ready infrastructure.
Recruitment and Staffing
- Leverage our network to recruit certified auditors and audit support staff who align with your operational needs.
- Build a dedicated team proficient in industry standards and equipped
to handle internal and external audit requirements.
Infrastructure and Compliance
- Set up state-of-the-art infrastructure with secure IT systems that meet global data protection and confidentiality standards.
- Ensure adherence to international auditing guidelines and data
security protocols.
Integration and Training
- Seamlessly integrate the offshore team into your existing audit processes using advanced communication and project management tools.
- Provide regular training and updates on new regulations, technologies, and audit methodologies to maintain high performance and compliance.
STRATEGIC BENEFITS OF AN OAOC IN A DEVELOPING COUNTRY
Setting up an OAOC in a developing country provides several strategic
advantages:
- Access to a stable workforce with expertise in global audit standards and practices.
- Reduced attrition rates compared to local competitive markets.
- Cost efficiencies from favorable tax policies and lower operational expenses.
An Offshore Audit Operations Center is more than just a cost-saving solution – it is a critical component for ensuring robust governance, enhancing audit efficiency, and maintaining regulatory compliance. With
Doorstep’s expertise, businesses can achieve a streamlined, scalable, and high-performing audit function that supports long-term growth and accountability.
Partner with Doorstep today to explore the potential of an Offshore Audit Operations Center and revolutionize your audit strategy.