Service — Readiness Assessment
Go into your audit with your documentation in order and your questions answered.
A readiness assessment gives your team a clear picture of where things stand before the formal audit begins — what is in good shape, what still needs attention, and how to address it. The audit itself becomes more predictable as a result.
What This Delivers
A thorough look at your readiness — before the auditors arrive.
When the assessment is complete, you will have a tailored checklist and a set of notes specific to your business — identifying what documentation is in place, what gaps remain, and what actions would strengthen your position before fieldwork begins. Nothing generic; everything relevant to your situation.
The practical benefit is straightforward: a smoother audit. Fewer requests for documents that cannot be located, fewer questions that surface at the wrong moment, and a finance team that enters the process with a clearer sense of what to expect. The audit still happens on the auditor's terms — but your team is prepared for it.
A tailored checklist for your business
Not a standard list of audit requirements — a checklist built around your actual structure, reporting obligations, and the scope of the upcoming audit.
Open questions addressed early
Accounting treatments, presentation choices, or documentation gaps that might generate queries during fieldwork — reviewed and noted in advance.
A calmer audit experience
Teams that enter an audit prepared tend to find it less disruptive. The assessment is designed specifically to produce that outcome.
Fixed fee of 1,900 USD
Confirmed before work begins. The full assessment — review, notes, checklist, and debrief — for a single agreed price.
Understanding the Situation
Audit season tends to arrive before teams feel fully ready for it.
For many finance teams, the period immediately before a formal audit is one of the more pressured times of the year. Fieldwork requests arrive, questions surface about documentation that has not been organised, and decisions made during the year — on accounting treatment, on presentation — come under scrutiny without much notice.
Some of this is unavoidable. Audits involve independent examination, and that examination will surface questions. But a meaningful portion of the pressure is avoidable: documentation that could have been prepared earlier, treatments that could have been thought through in advance, gaps that could have been addressed before the auditor raised them.
The readiness assessment exists for exactly this reason. It is not an additional audit — it is a structured look at your position, conducted with your team's co-operation, designed to reduce the number of surprises when fieldwork actually begins. The earlier it takes place, the more useful it tends to be.
Our Approach
A review built around what your auditors will actually look for.
Documentation review
We work through the documentation your auditors will expect to see — financial statements, schedules, reconciliations, supporting records — and identify what is in good order and what needs attention before fieldwork begins.
Open questions identified
Accounting treatments, disclosures, or areas of complexity that are likely to attract auditor questions are noted. Where a decision or explanation can be prepared in advance, we flag it so your team can address it before fieldwork rather than during.
Tailored checklist and notes
The output is a practical document — a checklist and accompanying notes specific to your business and the upcoming audit. Something your team can work from, not a generic reference that requires interpretation.
The Engagement
What the assessment involves, from first conversation to final notes.
The engagement begins with a brief conversation about the upcoming audit — its scope, the period under review, the auditor involved if known, and any areas your team is already uncertain about. This shapes the assessment and ensures the output is directly relevant to your situation.
We then work through the documentation and reporting areas that the audit will cover, noting what is in good order and what would benefit from attention. Where specific questions or treatments are uncertain, we discuss them directly with the relevant members of your finance team.
The output is a written checklist and notes, shared as a draft for your review before finalisation. A debrief is available to walk through the findings with your team and answer any questions. The assessment is complete well before fieldwork begins — giving your team time to act on what it says.
Initial conversation
Scope of the assessment agreed, upcoming audit details noted, areas of concern or uncertainty identified. Usually a short exchange by email or call.
Documentation review
Financial statements, schedules, reconciliations, and supporting records reviewed. Status of each area noted — in order, needs attention, or not yet in place.
Open questions flagged
Accounting treatments and disclosures likely to attract auditor questions noted, with brief guidance on how to address them before fieldwork.
Draft checklist and notes
Written output shared with your team for review. Structured for practical use — something you can work from directly, not a report to file.
Debrief and final notes
Final checklist and notes issued. Debrief available to walk through findings with your team and answer questions ahead of the audit.
Investment
1,900 USD. Fixed, confirmed before we begin.
The Pre-Audit Readiness Assessment is offered at a fixed fee of 1,900 USD, agreed in writing before any work starts. This covers the full engagement — the initial conversation, documentation review, open questions, draft output, and final checklist and notes.
For organisations facing an annual statutory audit, the assessment is often undertaken in the weeks prior to the auditor's planned start date. The earlier it is commissioned, the more time your team has to act on what it identifies — which is where the practical value lies.
Request a ProposalWhat is included
Initial scoping conversation to shape the assessment
Review of financial statements, schedules, and key records
Identification of open accounting questions and documentation gaps
Draft checklist and notes shared for review before finalisation
Final tailored checklist and accompanying notes
Debrief with your finance team on request
Delivered ahead of audit fieldwork commencement
Methodology
What the assessment covers and how findings are presented.
The assessment is structured around what external auditors routinely examine. Here is how the review is approached.
Financial statements
Balance sheet, income statement, cash flow, and notes reviewed for completeness and internal consistency. Common presentation issues noted where relevant.
Supporting schedules
Fixed asset registers, receivables aging, accruals schedules, and similar supporting documentation checked for completeness and reconciliation to the trial balance.
Accounting treatments
Areas where accounting judgment has been applied — revenue recognition, provisions, lease accounting, related party transactions — reviewed for clarity of documentation and supportability.
Timeframe
Most assessments complete within one to two weeks from commencement. The output is available well before your audit fieldwork begins, giving your team time to act on the findings.
Our Commitment
A practical output, delivered in time to be useful.
We commit to a fixed fee, a specific scope, and a written output that your team can work from directly. The assessment will be honest about what needs attention — and specific enough to be actionable rather than general. If you are not clear on any finding, we will explain it.
Fixed fee
1,900 USD, confirmed before work begins. The fee covers the full assessment — no additions for reasonable follow-up questions.
Specific to you
The checklist and notes are built around your business and your audit. Not a generic document applied without adjustment.
Delivered in time
The assessment is scheduled to complete before your audit fieldwork begins. If timing is tight, we will be direct about what is achievable.
Getting Started
Getting the assessment in place before your audit is straightforward.
The earlier you commission the assessment relative to your audit start date, the more useful it tends to be. Even a few weeks makes a meaningful difference to what your team can address before fieldwork begins.
Get in touch
Use the contact form or email [email protected]. Let us know your audit timing and a brief note about your organisation. We will follow up within one business day.
Scope and timing confirmed
A short exchange to confirm scope, agree the engagement letter, and set the schedule. The assessment is planned to complete with enough time for your team to act on the output.
Assessment begins
Documentation review and open question identification completed within the agreed timeframe. Draft output shared, debrief scheduled if needed, final notes issued.
Pre-Audit Readiness Assessment
Audit season approaching? We can help your team get ready for it.
A brief conversation is enough to confirm whether the timing and scope work for your situation. No obligation, no extended process — just a straightforward exchange to see if it fits.
Get in TouchOther Services
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