Head of Finance Solutions
Audit-ready financial records are books that can stand up to scrutiny at any moment: every transaction complete and supported, every movement traceable to a user, and reports that answer an auditor's questions without a week of reconstruction.
Auditors check three things: are the numbers complete, are they supported by documents, and can each figure be traced to its source. If those three hold, the audit is quick and painless.
Audit-readiness is built by daily habits, not a pre-audit scramble.
An audit trail records every change to your records — who made it, when, and from what. When an auditor asks 'where did this figure come from?', the trail answers in seconds instead of a weekend.
With clean daily records, the week before is verification, not reconstruction: confirm bank reconciliations, run the reports, and gather supporting documents. A business with live, documented books treats audits as check-ups.
Books that are complete, supported by documents, and traceable — so an auditor's questions are answered quickly.
Post transactions daily, attach supporting documents, and keep an audit trail of every change.
A record of who made each change to your books, when, and from what — the backbone of auditability.
Monthly at minimum; weekly for cash-heavy businesses. Regular reconciliation catches errors early.
Yes. Retten Work logs every change, stores documents, and produces reports from live data.
