Week 1
Kickoff, request list, bank confirmation letters dispatched.
Process
How a ledger review moves from first call to signed report
This page is for finance managers who want to know what happens week by week. It mirrors our flagship annual statutory ledger audit; walkthroughs and grant reviews use a shorter version of the same spine.
Scoping conversation
We learn entity size, industry, prior-year issues, and the reporting deadline. You share last year’s statements if available. No fee is charged for this call.
Engagement letter
We issue a fixed fee, team names, independence confirmation, and a draft timetable. Work begins only after both sides sign and the deposit (when required) clears.
Request list & planning
You receive a tailored list: trial balance, bank reconciliations, fixed asset register, related-party schedule, and inventory count plan when stock is material.
Fieldwork
On-site tests, interviews with those who prepare the books, inventory observation if needed, and rolling queries. We keep a shared open-items list so nothing hides in email threads.
Reporting & clearance
Draft findings and proposed adjustments go to management. After clearance, we deliver the signed auditor’s report and management letter.
Typical rhythm
A four-to-eight week window
Weeks 2–4
Primary fieldwork, inventory observation, sample testing.
Weeks 4–6
Follow-up on open items and late confirmations.
Final week
Draft review meeting, clearance, signed report.