Audit readiness self-assessment

Sixty questions grouped by the audit file the external auditor will build: opening balances, revenue recognition, restricted funds, procurement, payroll, fixed assets and related parties.

Each question scores one to five and rolls up to a readiness figure by area. The scoring is blunt: a partial answer scores as a gap, because a partial answer in fieldwork becomes a finding.

What it is for

Let a Society find its own gaps before the auditors do, while there is still time to close them.

Who it is for

Finance directors preparing for a statutory or donor audit.

How to use it

Complete it at least eight weeks before fieldwork. Anything scoring below three needs an owner and a date that same week.

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