
How to Prepare for the Year End Audit
Once year end hits, the clock starts ticking. Most audits required by regulatory agencies or grantors, impose a deadline for completion of the audit. The most stringent deadline is 90 days from year end. Other organizations may have the annual board meeting as the deadline. Whatever the case, there are procedures you can perform to expedite the audit and facilitate the meeting of the deadline. Preparing the Trial Balance Once the accounting file or trial balance has been turn