Engagement guide
From acceptance letter to signed report
Financial auditing follows a rhythm. This page maps the stages we use for statutory audits and related assurance so finance teams know what to prepare.
Inquiry & independence
You describe the entity, year-end, and report needed. We check conflicts, prior relationships, and whether we can staff inventory attendance. A fee proposal and draft engagement letter follow.
Planning
Materiality, significant risks, and a document request list are agreed. For statutory audits we schedule warehouse visits and confirm bank confirmation procedures.
Testing & observation
Teams examine ledgers, sample transactions, and attend counts. Interim findings are discussed with the controller so adjustments can be posted before close.
Report & board pack
We review subsequent events, obtain representations, and issue the auditor’s report or findings letter. Debrief notes highlight control observations that are not report modifications.
What to have ready
- Prior-year financial statements and, if applicable, predecessor auditor contacts
- Trial balance, general ledger export, and significant contracts
- Inventory listings by location and ageing
- Related-party register and intercompany reconciliations
- Access to revenue, purchasing, and payroll process owners
Limited reviews and agreed-upon procedures follow a shorter path with a narrower evidence set defined in the letter.
Next step
Commission the right engagement
Browse assurance work or write to us with your year-end and lender or board requirements.