Get Your Financial Records Ready for the Audit Process
An audit can require extensive preparation, documentation, reconciliations and coordination. Disorganized accounting records can make the process more time-consuming for management and external auditors.
S&S Global Advisors LLP provides audit support services designed to help businesses prepare organized financial records and supporting schedules before and during the audit process.
Our role is to support management and finance teams with preparation and coordination activities while maintaining a clear distinction between audit support and the statutory auditor?s independent responsibilities.
Our Audit Support Services
Audit-Ready Books
We help businesses review accounting records and identify outstanding reconciliations or documentation issues that may need attention before an audit.
Preparation of Audit Schedules
Audit schedules can organize important financial information into formats that make supporting documentation easier to review.
Balance Sheet Reconciliations
We assist with reconciliations of relevant balance-sheet accounts and identification of unexplained differences or outstanding items.
Supporting Documentation
Proper documentation is important during audit procedures. We help organize supporting records according to agreed requirements.
Year-End Closing
Year-end accounting activities can include reconciliations, adjustments, accruals, provisions and other closing procedures depending on the business and applicable reporting framework.
Coordination With External Auditors
We can support communication and information coordination between management, the finance team and appointed external auditors.
Our Audit Preparation Process
Our approach typically follows:
Review ? Identify Gaps ? Reconcile ? Prepare Schedules ? Organize Documents ? Coordinate
This structured process can help businesses identify accounting issues earlier rather than discovering them during the audit process.
Who Can Benefit?
- Our audit support services may be useful for:
- Growing businesses
- International companies
- Indian subsidiaries
- SMEs
- Companies undergoing annual audits
- Businesses preparing for investor or lender review
- Finance teams with limited internal resources
Why S&S Global Advisors LLP?
We combine accounting knowledge with a process-oriented approach to audit preparation. Our objective is to help management maintain better-organized financial information and respond to audit requirements efficiently.
We can work with existing accounting teams, management or external auditors depending on the agreed scope.
Important Distinction
S&S Global Advisors LLP?s audit support services are intended to assist businesses with accounting records, schedules, documentation and coordination. These services do not represent an independent statutory audit unless S&S Global Advisors LLP is separately appointed and legally authorized to perform such an engagement.
A well-prepared finance function can make the audit process more organized and manageable.