1. Financial Records

• Up-to-date financial statements
• General ledger reviewed and reconciled
• Supporting schedules prepared

2. Documentation

• Key contracts and agreements
• Loan documents
• Investment records
• Supporting invoices and receipts

3. Tax & Compliance

• Prior year tax returns
• Any tax notices or correspondence
• Regulatory filings (if applicable)

4. Internal Alignment

• Roles and responsibilities defined
• Key contacts identified
• Timelines agreed internally

5. Systems & Access

• Accounting systems accessible
• Document storage organised
• Audit-ready folders created

6. Audit Scope Clarity

• Audit vs review vs compilation understood
• External requirements confirmed (lender, investor, board)