Audit Readiness & Response

H1: Audit Readiness & ResponseEnsure your financials are ready for audit at any time. We help identify gaps in advance before your annual audit.

Service Overview

Why Audit Response Matters

Companies who find themselves struggling through audit, face negative consequences - delayed filing and reporting, low investor trust and stakeholder compliance issues. This is why a timely external audit completion is critical for companies. We assist companies in pre-audit preparation, auditor information requests, Q&As, on-site fieldwork, so that finance teams can focus on operational issues and not be burdened with audit.

Why It Matters Now

Auditors often expect companies to respond to queries timely. In addition, auditor rotation, and industry norms often mean this year’s field team may not be the same as last year’s. Not to mention the auditing standards that get stricter each year. Companies can no longer just send materials to auditors, they are expected to be fully involved in the audit process.

Our Principles

Operating Principles

Audit Response Operating Principles We are not a middle-man with your auditors. Before your audit commences, we identify key audit issues with your finance team, understand past conflicts with auditors and flag potential roadblocks in the coming audit. During the audit, we support smooth communication by decrypting audit jargon for the client, and even assisting with material review before submission to auditors. Post-audit, we perform an after-action review with the client to prepare for the next year’s audit.

Key Services

Who This Service Is For

Entities subject to external audit
Companies that need proactive preparation ahead of audit season
Companies facing a first-year audit due to an auditor change
Companies wishing to review potential audit issues in advance
Companies that need smooth communication with the auditor and efficient response

Services Provided

Pre-audit review of the appropriateness of financial statements and accounting treatment
Identification of key audit issues and potential risk factors
Anticipating auditor questions and supporting preparation of response materials
Analysis of the audit information request list and guidance on preparing materials
Development and support of a communication strategy with the auditor
Support and review of audit-report footnote preparation
Support for implementing improvement recommendations after the audit

We approach the entire audit cycle from an integrated perspective and work with you to build a financial reporting framework your stakeholders trust.