Preparing Audit Ready Financials – Best Practices to Avoid Common Pitfalls
Independent external audits of GAAP financial statements are an inescapable reality for finance professionals. External audits are required by statute for public companies and are also becoming the norm among private companies experiencing growing demands for transparency from regulators, investors, and other stakeholders.
Cloud accounting software helps finance teams mitigate audit-related risks by streamlining and automating the organization of source materials; the documentation of accounting treatments; the calculation and reconciliation of figures; consolidation and close; and, ultimately, the preparation of financial statements.
In this whitepaper you’ll learn:
- How to develop a better process for preparing audit-ready financials
- The 6 key steps in audit preparation
- How cloud technology improves financial reporting and audit readiness
- Ways to ensure your company earns a “clean” opinion from your auditor