Audit Readiness & Support

Whether your organization is undergoing its first audit or you have been subject to an audit for several years, the keys to your audit success are to ensure that audit deliverables are properly completed with adequate support, timely delivered to the auditors and maintaining and open and excellent line of communication with the auditors. Many times the accounting and finance staff are so overwhelmed trying to juggle their day to day responsibilities with the audit , that the keys to success get lost along the way. With our extensive background of managing and performing external audit engagements, we are uniquely positioned to ensure your audit engagement is a success. We will assume full responsibility for all stages of the audit process and ensure its efficient completion within budget. Our audit readiness services typically include:

• Advise management on the selection of the audit firm

• Participation in the planning phase of the audit with the audit firm

• Review and clean up of the general ledger and subsidiary ledgers

• Documentation of Internal Control Procedures

• Complete Internal Control Questionnaire from the audit firm

• Preparation of audit schedules and analyses

• Research and documentation of technical accounting positions

• Preparation of Financial Disclosure Checklist

• Preparation of Financial Statements (including disclosure notes) in accordance with Generally Accepted Accounting Principles

• Assist management with the remediation of internal control deficiencies identified during the audit.

  Our solutions are tailored to fit each organization’s budget and needs. We can provide all of the services outlined or the ones needed by your organization