Audit Readiness Checklist

Track whether the key records, reconciliations and supporting documentation requested during audit fieldwork are ready before the year-end audit begins.

Important: This checklist is intended as a readiness assessment only. Audit requirements vary depending on the size of the business, industry, accounting framework, group structure and specific audit risks identified during the engagement.

Tick the requests that are ready

Select each item once the supporting schedule, reconciliation or document is available for audit review.


General / Financial Reporting4 requests
Fixed Assets, Investments and Impairment7 requests
Inventory3 requests
Trade Receivables and Other Receivables9 requests
Cash and Banking4 requests
Trade Payables, Accruals and Financing10 requests
Related Parties1 requests
Tax and VAT4 requests
Payroll and Employees5 requests
Revenue and Cost of Sales3 requests
Legal and Professional Matters3 requests
Equity, Governance and Corporate Structure4 requests
Treasury, Forecasting and Commitments3 requests
Leases1 requests

Audit readiness frequently asked questions

Helpful points to consider before audit fieldwork begins.

What is an audit readiness checklist?

An audit readiness checklist is a structured review of the records and supporting documentation commonly requested during a statutory audit.

Does completing this checklist guarantee a smooth audit?

No. The checklist highlights common audit requests, but auditors may require additional information depending on the circumstances of the business.

When should companies perform an audit readiness review?

Ideally several weeks before year-end fieldwork begins so missing schedules and reconciliations can be prepared in advance.

Is this checklist suitable for UK private companies?

Yes. The checklist is designed around documentation commonly requested during UK statutory audits of private companies.

Why is audit readiness important?

Well-prepared audit files generally reduce disruption to finance teams, minimise follow-up queries and help audits progress more efficiently.

Need support preparing for audit?


If your checklist shows outstanding areas, Accoura Advisors can introduce you to a suitable accounting or audit support specialist.


Request specialist support