Readiness Assessment
Evaluating your current systems, controls, and documentation to identify gaps and preparation requirements before the audit begins.
Business Operations
Audit Readiness & Support
Practice01/06
Readiness Assessment.
Note01Refer — Scope
Pre-audit gap analysis across systems, controls, ledgers, and documentation.
Index06 Practices
Comprehensive Audit Support
We work alongside your finance team to prepare for audits systematically, addressing documentation requirements, control assessments, and coordination needs.
Financial Statement Review
Reviewing financial statements for completeness and accuracy, ensuring disclosures align with applicable accounting standards and regulatory requirements.
Supporting Schedules
Developing detailed reconciliations, working papers, and supporting documentation organised to meet the requirements auditors typically request.
Internal Control Review
Assessing existing internal controls, identifying potential weaknesses, and recommending improvements before they come under audit examination.
Audit Coordination
Serving as liaison between your team and auditors—managing information requests, timelines, and logistics throughout the audit process.
Findings Resolution
Helping address audit observations and developing remediation plans to strengthen processes and controls for future audit cycles.
The Value of Thoughtful Preparation
Systematic preparation before an audit begins creates practical advantages that extend across your finance function and operations.
- Shorter audit timelines through organised documentation and efficient information flow
- Potential reduction in audit fees when auditor time requirements decrease
- Earlier identification of issues before they become formal audit findings
- Strengthened internal controls through systematic pre-audit review
- Reduced operational disruption to daily business during intensive audit periods
Our Audit Readiness Approach
Step 1
Initial Assessment
Reviewing your financial systems, processes, and existing controls to identify preparation requirements and develop a structured readiness plan.
Step 1
Initial Assessment
Reviewing your financial systems, processes, and existing controls to identify preparation requirements and develop a structured readiness plan.
Step 2
Statement Preparation
Preparing or reviewing financial statements for audit readiness, ensuring disclosures and accounting policies align with applicable standards.
Step 2
Statement Preparation
Preparing or reviewing financial statements for audit readiness, ensuring disclosures and accounting policies align with applicable standards.
Step 3
Documentation Development
Creating supporting schedules, reconciliations, and working papers organised to anticipate and meet auditor requirements efficiently.
Step 3
Documentation Development
Creating supporting schedules, reconciliations, and working papers organised to anticipate and meet auditor requirements efficiently.
Step 4
Audit Coordination
Managing the audit process—planning meetings, information requests, query resolution—and serving as the primary liaison with your auditors.
Step 4
Audit Coordination
Managing the audit process—planning meetings, information requests, query resolution—and serving as the primary liaison with your auditors.
Step 5
Findings & Remediation
Addressing audit observations, developing remediation plans, and implementing process improvements for ongoing audit preparedness.
Step 5
Findings & Remediation
Addressing audit observations, developing remediation plans, and implementing process improvements for ongoing audit preparedness.