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Preparing for a Better Perspective

Well-prepared audit financials leads to a well-executed audit, resulting in a better representation and eventually leading to greater peace of mind among stake holders.

The Inception of Audit

Preparation for an audit is absolutely necessary we help you keep your monthly reconciliations updated and get oversight of the organization. To ensure the correctness and accuracy of final accounts, your financial statements need to be planned and prepared by the experts.

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Prep for an audit includes:

Even a tiny bit of prep can go a long way in the whole process of an audit. BlueArrow CPAs auditors have a grasp of our client’s requirements.

  • Planning of audit
  • Reconciliation of Bank Statements
  • Finding the scope of Audit
  • Recommendation for required government compliance.
  • Engaging an Audit firm
  • Setting up Internal Controls
  • Drafting financial statements and footnotes
  • Assisting auditor with request and communications
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Audit Preparation Checklist

An Audit checklist is put together for reference before setting a foot forward.

Financial statements

  • General ledger with all transactions documented (covering fiscal year)
  • Revenue and sales data
  • Expense approvals
  • Accrual accounts
  • Trial balance
  • Bank notes, security agreements, and/or lease agreements
  • Access to paid bills and checks
  • Year-end payroll tax reports
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Internal Control Documentation
  • Organizational charts
  • Articles of incorporation or bylaws
  • Flow of transactions
  • Minutes of meetings with the board of directors
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Other Relevant Information
  • Investment activities
  • Prepaid expenses
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True & Tested advice
  • BlueArrow CPAs lets you rest assured regardless of the nature of your business. We provide top-notch services tailored to your requirements.