Audit Preparation
Audits go faster when the evidence is already in order. We prepare the schedules, reconcile the balances and assemble supporting documents so your auditor’s requests have ready answers.
Fee Quoted on scope — see pricing
Signs you need this
“I’m preparing for an audit.”
- 01An audit is scheduled and the records are not ready
- 02Previous audits ran long because of document requests
- 03Balance sheet accounts have not been reconciled recently
- 04Supporting documents are spread across people and systems
What’s included
The work, itemized.
Your written scope lists exactly which of these apply to your engagement, at what frequency. Available for businesses in United Kingdom, United States, United Arab Emirates, Singapore, India.
- AU.1
Request list tracking
Your auditor’s request list tracked item by item.
- AU.2
Balance sheet reconciliations
Key accounts reconciled with supporting detail.
- AU.3
Lead schedules
Schedules prepared for fixed assets, accruals, debtors and creditors.
- AU.4
Evidence binder
Supporting documents indexed and cross-referenced.
- AU.5
Adjustment review
Prior-period adjustments reviewed and explained.
- AU.6
Auditor liaison
Queries answered from organized records during fieldwork.
We prepare records for your audit; we don’t carry out audits or issue audit opinions. The audit itself is performed by your independent auditor.
Inputs & outputs
What we need from you. What you get back.
Onboarding starts with a checklist, so you never have to guess what to send.
Onboarding checklist
- Your auditor’s request list
- Trial balance and general ledger
- Prior year financial statements
- Fixed asset and loan records
- Key contracts and agreements
Deliverables
- Indexed evidence binder
- Balance sheet reconciliations
- Lead schedules
- Request tracker
Questions
Audit Preparation: common questions.
Do you carry out the audit?
No. We prepare the records, schedules and evidence your auditor needs. The audit itself is performed by your independent auditor.
How early should audit preparation start?
Four to six weeks before fieldwork is comfortable for most small and mid-sized businesses. If the books are behind, start earlier so they can be brought up to date first.