What should I include in my audit preparation checklist?
An example of an AI chatbot conversation about preparing for an audit checklist.
What should I include in my audit preparation checklist?
You should include items like financial statements, internal controls documentation, and compliance records.
Can you give me a detailed list of documents needed?
Sure! You'll need bank statements, invoices, tax returns, and any contracts or agreements.
How far in advance should I start preparing for an audit?
It's best to start at least 3-6 months in advance to ensure everything is organized.
What are common mistakes to avoid during audit preparation?
Common mistakes include not having all documents ready, failing to communicate with auditors, and last-minute rush.
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