Audit preparation involves helping clients fix issues proactively to make the audit process easier and avoid findings.
Organizations benefit from lower stress, shorter audits, and streamlined workloads. Most importantly, you can start audit season with confidence, knowing you are prepared for whatever may be asked during audit.
Specifics can include:
- Risk analysis steps to determine where the auditors may focus
- Financial statement analysis
- Policy and procedure reviews to find any lapses in governance
- Expense testing to evaluate supporting documentation
- Evaluations of internal controls to identify weaknesses
- Grant compliance reviews
This proactive approach can also lead to improved processes and stronger internal controls long after the audit is past.
Contact me if you have questions or want to learn more about what audit preparation assistance can do for your organization.