Audit Preparation
Clients often have a need for short term assistance from qualified personnel in the run up to and even during the annual audit.
With the best will in the world it is not always possible to be fully prepared at the time auditors arrive. This sometimes leads to increased costs as additional work to prepare audit papers and schedules sometimes has to be carried out by the auditors themselves. Delays may also result from papers not being fully available as they are needed.
Our staff are trained auditors and have industry experience of preparing financial information for external auditors.
Gore and Company assists clients to prepare for the yearend audit, drafting schedules and creating files to ensure a smooth, cost effective audit. We will help you to:
- Speed up the annual audit
- Address year end bottlenecks
- Ensure that important work is done in advance
- Ensure that the books are closed as soon as possible
- Complete invoicing, WIP records & accruals
- Make as much upfront effort as possible so as to reduce the workload of auditors
- Produce complete, understandable schedules
Our professionals work with your internal audit department or finance function to gather evidence to support accounting figures, prepare schedules and files, collate evidence that can be used to support the effectiveness of internal controls and assist in resolving audit enquiries as they arise.
All of this means that work is completed in a timely manner, to agreed timetables and accurately. This ensures that the audit itself proceeds smoothly and is completed according to schedule.