Practical information to help your team prepare for audit, understand common requirements and keep the engagement moving efficiently.
Preparing for Your Audit
- Confirm your reporting deadline and governing requirements early.
- Finalise the trial balance and draft financial statements before fieldwork where possible.
- Reconcile bank, loan, payroll, tax and key control accounts.
- Prepare supporting schedules that agree to the general ledger.
- Nominate a primary contact for audit requests and questions.
- Provide requested information through the agreed secure channel.
What Helps an Audit Run Smoothly
Complete and well-organised records reduce follow-up queries and help the audit remain on schedule. If an item is unavailable or a balance is still being finalised, let us know early so we can agree the most efficient way forward.
Common Audit Documents
- Trial balance and general ledger
- Draft financial statements
- Bank statements and reconciliations
- Receivables and payables schedules
- Payroll and superannuation records
- Contracts, leases and loan agreements
- Board or committee minutes
- Grant and funding agreements
- Tax and regulatory lodgements
- Supporting records for significant transactions
Useful Regulators & Professional Resources
Financial Reporting & Tax
Law Societies & Legal Professional Bodies
External Examination Guidance
Schools & Education
These resources are general information only and do not replace advice tailored to your organisation or circumstances.
Need a Tailored Audit Checklist?
Contact us with your entity type, audit requirement and deadline. We will explain the information normally required for your engagement.