Engagement
Opening Balance & First-Year Audit Support
Support for entities facing their first independent audit—opening balances, prior-period adjustments, and policy documentation.
Who it is for
Growing private companies moving from compilation to audit
Result you receive
Documented opening balances and accounting policy notes ready for the engagement file
Included
- Opening balance substantiation plan
- Prior-period adjustment schedule draft
- Policy memo templates for inventory and revenue
Not included
- Restatement of published statutory filings without separate instruction
How the work proceeds
- History review
- Balance work
- Handover pack
Preparation
Prior management accounts and fixed-asset register
Constraints
We remain independent for the subsequent audit year
Next step
Send last three years of management accounts