SERVICES
Audit support built around a searchable evidence trail.
Audit support built around a searchable evidence trail through a controlled, source-linked workflow.
Overview
Audit support organises accounting, valuation, investor, entity and control evidence and coordinates data requests so the audit does not become an annual email reconstruction exercise.
Cross-cutting module below Fund Administration and Financial Reporting.
Why it matters
Audit requests frequently repeat because support is not indexed to source records, periods and responsible owners.
Common operating challenges
- PBC requests fragmented.
- Same evidence requested repeatedly.
- Unclear status/owner.
- Version mismatch between audited numbers and support.
What we deliver
| Capability | What it covers |
|---|---|
| PBC tracker | Manage requests and ownership. |
| Evidence indexing | Link documents/data to balances/disclosures. |
| Query workflow | Track auditor questions/responses. |
| Close support | Reconcile final audited changes into records. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- PBC list
- Accounting/valuation support
- Contracts/invoices
- Prior audit responses
- Draft statements
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Load requests | Create controlled tracker. |
| 2 | Map evidence | Link source support. |
| 3 | Respond | Prepare authorised data pack. |
| 4 | Track queries | Manage follow-ups. |
| 5 | Reconcile changes | Update approved records. |
| 6 | Archive | Retain final evidence. |
Typical outputs
- PBC tracker
- Evidence index
- Auditor response pack
- Open query list
- Final audit evidence archive
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Role-based access.
- Version control.
- No audit opinion claim.
- Authorised response review.
Responsibility boundary
We support audit coordination/evidence; independent auditor judgement/opinion remains with the audit firm.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Document index/search.
- Request workflow.
- Source-linked evidence.
Expertise
- Fund accounting/audit coordination.
- Evidence management.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Does Kelton perform the audit?
No. Kelton supports evidence and workflow; the independent auditor retains the audit role.
Can prior-year evidence be reused?
Yes where still applicable, with period/source validation.
Discuss Audit Support & Evidence
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.