Pre-Audit Preparation

At RSM Farrell Grant Sparks, we can assist you in your preparation for your annual audit.

Our pre-audit preparation service can provide many benefits to a business or organisation, particularly for financial controllers, chief financial officers and others who may be involved in preparing for audit. The benefits may include:

• Faster and smoother audit process as issues are considered and dealt with in advance of the audit
• Fewer disruptions during the audit to your normal daily work
• Minimisation of changes to management accounts following the audit
• Preparatory work is carried out by people who know what the auditor will require
• Earlier feedback on possible improvements

Our work can include some or all of the following:

1. Advice on accounting treatment and disclosures eg IFRS, changes in circumstances
2. Advice on filing requirements and exemptions
3. Highlighting critical key information which will be required for audit, and other key information to be included in statutory accounts
4. Preparation of year end statutory accounts in format required
5. Draft corporation tax computations
6. Assistance in preparation of accounting reconciliations including (where relevant):
   1. Debtor reconciliations
   2. Bank reconciliations
   3. Creditor reconciliations
   4. PAYE/PRSI
   5. VAT
   6. Subcontractors Tax
   7. All other taxes

Our experience

We provide assistance in preparing for audit to a wide range of clients, including multinational companies and public sector organisations.

Our team is highly skilled and trained in the areas of International Standards on Auditing, Irish and UK accounting standards, and International Financial Reporting Standards (IFRS).

Related services

Read about our related services in:

• Accounting & Company Secretarial
• International Financial Reporting Standards

Find out about our work in the following sectors:

• Technology
• Greentech & Renewables
• Funds
• Property