Auditors need to dive deep into the business's operations, and as a result, it may often feel like you are receiving a long list of demands in the dreaded client assistance list. As a recovering Audit Director myself, I have seen the gamut of how companies prepare for their audits. Now that I am on the other side helping companies prepare for their annual audits, I wanted to put together some of the top tips and tricks for making it as painless as possible for you and your accounting team.

At KCG, we have vast experience with our team members going through hundreds of monthly and annual close processes over the years, and we know it can be a busy time, especially if you have to contend with an annual audit as well. Here are some of our best practices that will help you think through your close process:

For a growth-focused business, management often stretches themselves and employees to cover various tasks, fill several roles, and create the foundation for your corporate vision. But the looming, ever-present question is always, “What can we afford?” The answer often doesn’t include adding more employees.