Primary engagement
Financial audit of the subscription billing application
An independent examination of the application that raises invoices, applies credits, and posts recurring charges — treated as a financial record, not a software review.
Most subscription businesses keep their revenue story in the billing application. The general ledger receives summaries. When those summaries are wrong, the accounts are wrong — even if the rest of the close is tidy. This engagement treats the billing application as a book of original entry.
We do not recertify the vendor’s software. We examine how your entity configured products, prices, taxes, coupons, dunning, and revenue recognition flags, and whether those settings produce complete, accurate, and authorised financial records.
Fieldwork starts with a bounded extract: subscription master, invoice register, credit notes, payment attempts, and the journal files posted to the ledger. We reconcile those files to each other and to a sample of customer contracts. Exceptions are written up as control findings or as proposed adjusting items, depending on what the evidence supports.
The deliverable is an engagement letter opinion-style report for management (and, where instructed, for the statutory auditor): scope, procedures, exceptions, and a schedule of items that affect recognised revenue, deferred revenue, or receivables.
Who it is for
Finance directors, controllers, and external auditors who need evidence over the system that bills subscribers.
Typical fee note
Typically from RM 22,000 for one product and one legal entity. Quoted after a document request. Fees are quoted in writing after scoping. This page is not a checkout.
Scope we usually test
- Completeness of invoices against active subscriptions and usage events
- Cut-off around period-end, renewals, and failed-payment retries
- Authorisation of credits, write-offs, complimentary periods, and plan overrides
- Mapping of billing events to general-ledger accounts and deferred revenue
- SST coding on recurring charges where Malaysian tax applies
What you receive
- Scoping memo and document request list
- Reconciliation of billing extracts to the general ledger
- Exception log with sample evidence
- Written report and a close-out discussion in Damansara or by video