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Audit preparation and evidence gathering

Automates audit preparation by systematically gathering financial documents, reconciling accounts, and organizing evidence folders for auditor review. Reduces manual preparation time by 70% and ensures complete documentation compliance.

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Workflow Trigger

Audit notification received or audit season deadline approaches

Visual Flow

Each node represents an automated step. Connections show how data and decisions move through the workflow.

Step-by-Step Breakdown

Detailed explanation of each automated stage in the workflow.

  1. 1
    Trigger

    Audit preparation initiated

    Workflow triggers when audit notification is received or predefined audit preparation date arrives. System creates new audit case in workflow management platform.

    Karbon
  2. 2
    Action

    Extract financial data automatically

    Pulls trial balance, general ledger, and financial statements from accounting systems. Creates standardized audit data package with current and prior year comparisons.

    QuickBooksXero
  3. 3
    Action

    Generate audit documentation requests

    Creates customized document request lists based on audit type and client industry. Sends automated requests to clients through secure document portal.

    Canopy
  4. 4
    Decision

    Evaluate document completeness status

    Checks if all required supporting documents have been received and validates document formats. Routes to different paths based on completion percentage.

    Canopy
  5. 5
    Action

    Perform automated account reconciliations

    Runs bank reconciliations, AR/AP aging analysis, and variance analysis between periods. Flags unusual transactions and discrepancies for review.

    QuickBooksXeroCCH Axcess
  6. 6
    Action

    Compile audit evidence folders

    Organizes all financial data, supporting documents, and reconciliations into structured audit folders. Creates index and cross-references for auditor navigation.

    CCH AxcessCanopy
  7. 7
    Output

    Deliver audit-ready package

    Generates complete audit preparation summary with organized evidence folders, outstanding items list, and audit trail documentation. Notifies audit team of readiness status.

    KarbonCCH Axcess

Outputs

  • Complete audit evidence folders
  • Account reconciliation reports
  • Outstanding documents tracking report

Key Metrics

  • Audit preparation time reduction
  • Document completeness percentage
  • Reconciliation accuracy rate

Tools & Integrations

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