Audit Support UAE
Prepare reconciled schedules and an organised evidence file so management and the appointed auditor can work through requests with clear ownership.
What the work covers
Prepare reconciled schedules and an organised evidence file so management and the appointed auditor can work through requests with clear ownership.
Deliverables to agree
- Audit-request tracker with owners and status
- Lead schedules tied to the trial balance
- Evidence folders for significant balance-sheet accounts
- Open-issues log and management handover
What to have ready
- Final or draft trial balance and prior financial statements
- Bank, receivables, payables and fixed-asset schedules
- Contracts and supporting records for significant transactions
- The appointed auditor’s request list
Timing and fees
This scope supports audit readiness; an independent audit opinion is a separate engagement with an appropriately appointed auditor. Timing depends on account quality and the auditor’s requests.
Your proposal should identify responsibilities, deliverables, fees and exclusions before the engagement begins.
Before you get started
Does preparation include an audit opinion?
No. Preparation organises records and schedules. The appointed auditor determines audit procedures and any opinion.
Which balances should be prepared first?
Start with bank, customer and supplier balances, then significant inventory, assets and other accounts based on the business and auditor’s request list.
How are audit queries managed?
Keep one tracker that records the question, evidence location, responsible person, response and whether the auditor has accepted the response.