Proper audit preparation reduces audit fees, prevents delays, and ensures a clean audit opinion. Well-prepared companies complete audits faster and with fewer adjustments.
Key Insight: Auditors expect organized records, complete documentation, and reconciled accounts. Preparation should begin 2-3 months before the audit fieldwork date.
Auditors will request comprehensive documentation. Prepare these documents in advance:
These reconciliations are critical and will be reviewed in detail by auditors:
Ratio prepares complete audit files with all schedules, reconciliations, and supporting documentation so audits complete faster and with zero adjustments.