Audit Readiness Assessment & Preparation

Required Inputs

• Organization: Company name, industry, and size (revenue, headcount)
• Audit Type: IPO audit, annual statutory audit, first-time audit, SOC 1/2, regulatory exam
• Target Date: Date by which audit-ready status must be achieved
• Current State: Brief description of existing financial reporting maturity
• Reporting Framework: US GAAP, IFRS, or other applicable standards
• Scope: Full entity or specific business units / subsidiaries
• Known Issues (optional): Previously identified gaps or concerns

Execution Steps

1. Audit Readiness Maturity Assessment

Evaluate the organization across 5 maturity levels and 6 dimensions. Score each dimension 1-5 and compute the overall weighted average.

Maturity Levels: