Browse MBAs SECTION 1: Financial Accounting & Reporting

The Audit Preparation Checklist

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The Audit Preparation Checklist

Build a checklist to prepare this business for its audit or financial
review.

Business: [DESCRIBE SIZE, STRUCTURE, INDUSTRY]
Type: [FIRST AUDIT / RECURRING / DUE DILIGENCE REVIEW]
Known weak spots: [DESCRIBE OR "NOT SURE"]

Produce:
1. The documents and reconciliations to have ready, by area
2. The accounts and estimates auditors typically scrutinise most
3. The common findings for a business like this and how to pre-empt them
4. A realistic timeline working back from the audit date
5. The questions to expect and how to have answers ready

Format as a checklist I can assign and track. Flag anything that usually
becomes a fire drill if left late.

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