Audit Panic? How to Be Ready Even If You're a One-Person Finance Team
Description
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Weâre more than halfway through the year, and if your charity has a December year-end, nowâs the time to start thinking about how youâll close the year and whoâs going to audit it.
In this episode, Aishat shares how to prepare for your audit or independent examination without the usual panic, even if you're the only person looking after the numbers.
She walks you through:
- What to prioritise now (before things get busy)
- 5 key ways to prep without stress
- Common audit red flags for small charities
- How to know if itâs time to go to market for a new auditorâ and the mindset shift that makes audit season more manageable.
KEY TAKEAWAY
- Don't wait until year-end to think about your audit.
- Closing the books properly before you start audit prep saves you time.
- Organised documentation is your best friend.
- Know when youâve crossed the audit threshold.
BEST MOMENTS
âAudits arenât designed to catch you out. Theyâre there to confirm your picture is accurate.â
âPrepping for your audit is prepping for your peace.â
âEven if youâre a team of one, with the right prep, you can go into audit season calm, clear, and confident.â
ABOUT YOUR HOST
Aishat operates her own bookkeeping and accounting services practice âBAnC Services â which focuses primarily on serving non-profits. Before founding her practice, she dedicated over two decades to the non-profit sector.
With her podcast, Aishat shares practical insights and expertise to streamline financial management for non-profits, while also shining a light on the often unseen and unheard efforts that uphold the delivery of a non-profitâs mission.
She is the author of Money Solutions for Single Mums and Charity Finance from A to Z â a practical guide designed to demystify finance for those working in the charity sector.
Beyond her professional endeavours with non-profits, Aishat is deeply committed to supporting single mothers in navigating financial challenges and champions financial literacy among young Black adults. She thrives in conversations about money, empowerment, and purposeful work.
Work with Aishat: www.bancservices.co.uk
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