AUDIT & FINANCIAL READINESS
Prepare Before the Auditors Arrive
An audit should not be the first time your organization discovers a financial problem.
Pennies Count helps organizations assess their financial records, reporting, documentation, and controls before external scrutiny begins.
YOUR ORGANIZATION MAY BE FACING...
You may be:
Preparing for an upcoming financial statement audit
Addressing prior-year audit findings
Experiencing a change in accounting personnel
Unsure whether reconciliations and supporting schedules are complete
Concerned about documentation
Preparing for increased grant or contract activity
Unsure whether your accounting records are truly audit-ready
HOW PENNIES COUNT HELPS
We take a structured, forensic-minded look at the financial function to identify potential issues before they become audit problems.
The review can examine accounting records, reconciliations, financial reporting, supporting documentation, internal controls, and other areas relevant to the organization's financial readiness.
The goal is to identify the questions before the auditor does.
WHAT WE DO
FINANCIAL RECORD REVIEW
Review financial activity and account balances for unusual items, inconsistencies, or areas requiring additional support.
RECONCILIATION REVIEW
Evaluate whether key balance sheet accounts are reconciled and appropriately supported.
DOCUMENTATION REVIEW
Identify gaps in supporting documentation and financial schedules.
INTERNAL CONTROL REVIEW
Identify control weaknesses that may create financial or audit risk.
AUDIT PREPARATION
Help organize schedules, documentation, and financial information needed to support the audit process.
WHO THIS IS FOR
Audit & Financial Readiness services may be a good fit for organizations that:
Have an upcoming audit
Have experienced prior audit findings
Are undergoing an accounting transition
Have recently grown or changed their funding structure
Need an independent review before the audit begins
Want greater confidence in their financial records
WHAT YOU CAN EXPECT
PREPARATION
A more organized and structured audit process.
VISIBILITY
A clearer understanding of potential financial and control issues.
DOCUMENTATION
Better support for financial activity and account balances.
CONFIDENCE
Greater readiness when the auditors arrive.
LET'S GET YOUR ORGANIZATION READY
Audit readiness starts long before the auditors arrive.
Let's discuss your organization's current financial position and determine where additional preparation may be needed.