audit readiness

Audit readiness refers to how well an organization prepares for a financial or operational review by auditors. It involves having accurate, organized records, clear documentation of processes, and compliance with relevant laws and policies. Being audit-ready means the organization can efficiently provide the necessary information and demonstrate transparent, responsible management practices. This preparation helps ensure the audit process is smooth, reduces potential issues, and supports trustworthy results. In essence, it’s about proactively maintaining good record-keeping and internal controls so that when an audit occurs, the organization can confidently demonstrate its compliance and accuracy.