How do I prepare for an external audit?
An example of an AI chatbot conversation about preparing for an external audit.
How do I prepare for an external audit?
Preparing for an external audit involves several key steps. First, ensure all financial records are accurate and up-to-date.
What specific documents should I gather?
You should gather financial statements, tax returns, bank statements, and any relevant contracts or agreements.
How far in advance should I start preparing?
It's best to start preparing at least 3-6 months in advance to ensure everything is organized and ready.
What if I find discrepancies in my records?
If you find discrepancies, address them immediately. Investigate the cause and correct any errors before the audit.
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