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Effective Preparation for Statutory Audit

Effective Preparation for Statutory Audit
February 26, 2020
Sandton, 138 Rivonia Rd, Sandown, Sandton, 2196 Get directions

1. Getting Organized
 The Right System
 Adequate Documentation
 Finance Policies & Procedures
 The Control Environment

2. Year-End Procedures
 Final Adjustments to Trial Balance
 Reclassifications of Account Balances
 Preparation of Audit Supporting Schedules
 Drafting Financial Statements in Statutory Format

3. Understanding Barriers to Successful Audit
 Ineffective Control Systems // Inadequate Year-end Preparations
 Lack of Proficiency in Audit Tests Application
 Lack of Time Management Skills

4. Assessing your Readiness

5. Managing the Audit Process

6. Coordinating Month-End Procedures with the Audit Process

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