Audit Readiness for Small Businesses: What to Organize First
The best time to prepare for audit or internal review is before the pressure starts. Businesses that keep records organized throughout the year face fewer last-minute issues.
Start with These Areas
- Basic document organization – invoices, vouchers, bank records, and key papers in a structured system.
- Bookkeeping discipline – regular entries, clear categorization, periodic review.
- Stock records (if applicable) – consistent stock movement recording and verification practices.
- Cash and bank controls – review checkpoints and approvals for sensitive transactions.
- Month-end checklist – a repeatable review habit reduces year-end pressure.
Common Audit-Readiness Gaps
- Missing vouchers
- Backdated entries
- Unclear stock records
- No review trail
- Poor communication between owner and accounts team
How Legarity Supports Audit Readiness
We help with process-level gap identification, records organization guidance, stock/control review support, and audit-readiness planning. Statutory audit/certification work is handled only by eligible qualified professionals where required.