Audit Readiness: Prepare for an Audit, Raise or Sale
This guide is for CEOs and founders facing a first audit, a new funding round or a sale. It shows what to fix in the books beforehand so investors, auditors and buyers find no surprises in diligence.
What's in the guide
- Close cleanup: getting the monthly close accurate and on time before anyone outside looks at it
- Internal controls: the checks auditors and buyers expect to see in place
- Revenue recognition: making reported revenue hold up under audit and diligence
- Audit-ready schedules: the supporting detail behind each balance on the books
- The data room investors ask for in a raise
- The data room auditors and buyers ask for
- What to fix first, before the audit, the raise or the sale starts
Questions this guide answers
How do I prepare for my first financial audit?
Start with the close, controls and revenue recognition, then build audit-ready schedules that support the numbers. The guide walks through each area so issues are found by you, not the auditor.
What do investors and buyers look for in due diligence?
They ask for a data room that shows clean books, working controls and revenue that is recognized correctly. The guide covers what investors, auditors and buyers each request.
Who will ask for a data room?
Investors in a raise, auditors in an audit and buyers in a sale. The guide covers what each one asks for, so you can build the data room once and keep it current.
When should a company start getting audit ready?
Before the first audit, the next raise or a sale begins. Fixing the books ahead of time keeps diligence free of surprises.
How Strativ helps
Strativ cleans up the close, sets up controls and prepares the schedules and data room that auditors, investors and buyers request. Mark Sue's background as a Managing Director at RBC Capital Markets in IPOs and M&A means he knows what the other side of the table looks for.
The full guide covers each step in detail. Request the full guide, or book a call to talk it through with Mark.
