Audit engagement
Pre-close consolidation readiness
A structured readiness assessment before year-end — entity map, close calendar, and pack completeness for the consolidation team.
Purpose
Identify gaps in the consolidation process before the close window opens. Useful for groups that added subsidiaries mid-year or changed reporting frameworks.
What is covered
Entity map accuracy, chart-of-accounts alignment across subsidiaries, ownership of elimination entries, FX rate sources, and a draft close calendar with owners for each pack section.
Deliverable
A readiness memo with prioritised actions and an optional follow-up call during the close. This is not an audit opinion.
Timing
Best scheduled four to eight weeks before the consolidation date.