Prepare financial statements and an evidence trail for an independently appointed statutory auditor. Start by identifying the purpose, reporting period and intended users of the work. BIAT can assess the available records and propose an engagement with defined responsibilities and deliverables.
Overview
Scope of support
- Audit planning and material-account schedules
- Balance confirmations and supporting vouchers
- Financial statement disclosures and audit-query coordination
Records to prepare
Use this starting checklist to prepare for a discussion. The final evidence requirements are confirmed after the initial assessment.
- Trial balance and general ledger
- Prior financial statements and audit report
- Bank, receivable, payable and asset schedules
Deliverables and engagement planning
The statutory audit scope identifies the output, review steps and information required from your team. Where a filing, report or certificate needs an eligible professional, that role is confirmed before the engagement proceeds. The proposal records fees, exclusions, dependencies and target milestones. Authority review, incomplete records or changes to the request can affect timing.
Discuss your requirement
How the engagement works
Agree the scope and required evidence before work begins.
FAQ
Questions to help you scope the engagement.
Who issues the statutory audit opinion?
The eligible auditor appointed for the engagement issues the opinion. Audit preparation and other assistance are assessed alongside applicable independence requirements.
How is the fee determined?
Can this be combined with related CA services?