AP Audit Readiness Checklist
Run it four weeks before fieldwork: the evidence pack, the reconciliation file, the self-tests and the PBC list.
• Automate faster • Collaborate better
• Pay with confidence
AP fieldwork is predictable: a sample of payments to reconstruct, a walkthrough of your stated controls, tie-outs to re-perform, and a PBC list you’ve seen before. Which means readiness is testable in advance.
The core is two self-tests. Pull five random payments and reconstruct each from records alone (time yourself; over thirty minutes, or needing to ask Sandra, means a gap), and walk one banking change, one new vendor and one exception through your documented procedures. Run those four weeks out, fix what they find, and fieldwork becomes exports.
IN THIS TEMPLATE
Self-test A: payment re-performance, five random payments, records only, timed
Self-test B: the control walkthrough auditors will run, rehearsed
The reconciliation file: tie-outs, statement recs, aging evidence, intercompany mirrors
Policy and controls documentation, including the matrix version in force at transaction date
The PBC prep table: assemble the folder before the list arrives
FAST FACTS
2 self-tests that are the audit, rehearsed
5 random payments to reconstruct from records alone
4-6 weeks before fieldwork is the right time to run it
Rehearse the audit before the auditor performs it. Complete the form and we’ll send the PDF.
