Scope, timing and fee confirmed before year-end.
Testing of revenue, expenses, receivables, payables and contracts.
Operating and reserve funds checked separately.
Bank and investment balances confirmed directly.
Signed independent report on the financial statements.
Plain-language notes on anything the board should know.
Fieldwork usually takes one to two weeks once the books are closed. From year-end to signed statements is typically two to four months.
The board approves the statements. We then sign the auditor’s report, and the package is sent to owners with the AGM notice.