Audit Readiness

Audits are so much easier when you have the right planning and preparation in place. Our team assists with planning, expertly prepares financial statements, completes schedules and interfaces with auditors. 

 

Why Audit Readiness and Support Is Necessary

It’s often possible and definitely advisable to be proactive before an external audit of the financial statements. Sometimes a strategic transaction, such as a SPAC deal, can limit the amount of time you have to prepare for the audit, but a proactive, “audit readiness” approach to your audit can lead to a lower audit bill in the end, and a less stressful experience overall. Companies realize cost efficiencies when they undertake pre-audit planning and come up with an audit plan, with the help of audit support experts. They can reduce the risk of having to deal with a prolonged and potentially messy audit.

Pre-Audit Planning

How ready will you be for your auditor’s scrutiny? You could be subject to a stressful audit if your company has recently undertaken a new financial system, implemented a new accounting pronouncement, completed a major transaction or experienced major turnover in the finance and accounting team. Even if you have the most streamlined operations compared to other companies like yours, the decisions you made over the past year may not meet auditors’ expectations.

Preparing for the Audit Process

The fact is some financial audits can be needlessly time-consuming and burdensome. Reliance on experts who can handle the tough stuff on your behalf can ease the entire process.

Why Choose ZRG for Audit Readiness

Under a less intense timeline than the external audit, pre-audit review specialists can uncover missing gaps and proactively ask key questions. They will look at higher risk areas. And they are also getting to know your company so that they can be there for you as the planning session for the audit gets underway.

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