Getting ready for a financial statement audit? Here’s a clear audit prep list of what you’ll likely need to pull together. Having these items on hand keeps the process running smoothly—so you can stay focused on the work that matters.
General Business Documents
- Company formation documents (LLC, S-Corp, etc.)
- Organizational chart
- Board of Directors list
- Meeting minutes and key decisions
- Any significant contracts or agreements
- Attorney contact info
- Lease agreements
Internal Processes & Policies
- Operations manuals or procedure handbooks
- Documentation of internal controls (how tasks and approvals are handled)
Financial Planning & Reporting
- Annual budgets and forecasts
- Year-end trial balance
- General ledger
- Adjusting journal entries
- Bank statements and reconciliations
- A/R and A/P aging schedules
- Inventory counts and valuation methods
- Fixed asset list and depreciation schedules
Payroll & Employee Info
- Payroll registers
- Employee agreements or contracts
- Benefit plan documents
Loans, Leases & Insurance
- Loan agreements and debt schedules
- Lease contracts
- Copies of insurance policies
Revenue, Taxes & Compliance
- Sales reports (especially by customer)
- Related party transaction breakdowns
- Regulatory compliance documentation
- Tax returns and backup
- Tax payment receipt
Need a copy? Click here to download the checklist.
While every auditor has their own process, having these core items organized ahead of time helps keep the audit efficient—and gives you more control throughout.
Need help pulling things together? Our Discovery Team is here to walk you through it, answer your questions, and help you stay one step ahead. Check out our audit services if you need additional help.
