Field process
How a statutory engagement moves through the year
Sequence
A calendar controllers can plan around
This page describes our typical statutory audit rhythm. Agreed-upon procedures and control assessments follow a shorter path, but the same discipline around access and documentation.
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Scoping & independence
We learn entity structure, lender requirements, and prior auditor status. Conflicts are cleared before an engagement letter is issued.
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Planning & risk assessment
Materiality, significant accounts, and industry risks are set. For coastal manufacturers we pay early attention to inventory valuation and export cut-off.
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Interim fieldwork
Control walkthroughs, roll-forward of fixed assets, and clearing of related-party lists — usually weeks before year-end so March is not overloaded.
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Inventory observation & confirmations
We attend physical counts, send bank and receivable confirmations, and agree cut-off with shipping logs where ports are involved.
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Final fieldwork
After draft accounts freeze, we complete substantive testing, subsequent events review, and disclosure checks on the notes.
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Reporting & exit
Draft auditor’s report and management letter are discussed with directors. Final signed report follows once representations are received.
What we need from you
Access that keeps fieldwork moving
- A named controller contact during visit weeks
- Trial balance and supporting ledgers on the agreed freeze date
- Warehouse supervisors available on count day
- Board availability for the exit meeting within two weeks of fieldwork end