Organize all financial records and ensure they are complete, accurate, and properly supported. These form the foundation of your audit.
General ledger and trial balance
Complete, year-end trial balance with all account details. Ensure all adjusting entries are posted and accounts reconciled.
Required: 1 month before audit
Bank reconciliations for all accounts
Month-end bank reconciliations for entire fiscal year, including all checking, savings, investment, and credit card accounts.
Required: 2 weeks before audit
Accounts receivable aging and analysis
Detailed aging of all receivables with documentation for significant balances. Include grant receivables and pledges receivable.
Required: 2 weeks before audit
Accounts payable and accrued expenses
Complete listing of all outstanding payables and accrued expenses as of year-end. Include search for unrecorded liabilities.
Required: 2 weeks before audit
Fixed asset schedules and depreciation
Detailed fixed asset register showing acquisitions, disposals, and depreciation calculations. Include depreciation methodology documentation.
Required: 1 week before audit
Key Financial Documents:
