Audit Preparation
Jo-Anna David
Accountant
Auditor
Bookkeeper
Microsoft Excel
Quickbooks
Xero
Leveraging my experience in external audit and my strong background in accounting and financial reporting, I will ensure that the organization’s financial records are accurate, compliant, and ready for thorough examination by auditors.
Key Deliverables:
Audit-Ready Financial Statements:
Prepare and present the income statement, balance sheet, cash flow statement, and equity statement, ensuring alignment with accounting standards and regulatory requirements.
Trial Balance Compilation:
Generate a detailed trial balance report to ensure that total debits equal total credits, identifying any discrepancies for correction.
Supporting Documentation:
Compile all necessary documentation, including transaction records, bank statements, invoices, contracts, and previous audit reports, to provide auditors with clear and accessible information.
Internal Controls Assessment:
Review existing internal controls and procedures to identify any weaknesses or areas for enhancement, ensuring the company’s financial processes are robust and secure.
Variance Analysis:
Conduct a variance analysis between budgeted and actual figures to identify significant discrepancies and provide explanations for variances.
Compliance Checks:
Ensure that all financial practices and documentation meet the latest regulatory and accounting standards, preparing compliance reports as necessary.
Audit Communication:
Maintain clear and ongoing communication with auditors regarding any requirements, potential issues, or additional information needed, ensuring timely responses to queries.
Skills Utilized:
Analytical Skills: To assess financial data, identify discrepancies, and ensure accuracy in reporting.
Attention to Detail: To meticulously compile supporting documentation and prepare precise financial statements.
Communication Skills: To liaise effectively with auditors and internal stakeholders throughout the audit preparation process.
Expected Outcomes:
Streamlined audit preparation process, leading to a successful audit with minimal adjustments.
Improved financial reporting practices and enhanced internal controls, reducing future compliance risks.
Increased stakeholder confidence in the accuracy and integrity of financial statements.
