DiscoverThe Nonprofit BookkeeperAudit Panic? How to Be Ready Even If You're a One-Person Finance Team
Audit Panic? How to Be Ready Even If You're a One-Person Finance Team

Audit Panic? How to Be Ready Even If You're a One-Person Finance Team

Update: 2025-07-21
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🎁Download Audit Prep Checklist for Small Charities

Grab your copy of my book Charity Finance from A - Z

Check out ExpensePlus and sign up for a month's free trial and 10% off your first year's subscription, using my referral link http://expenseplus.co.uk/r/AI-BANC

We’re more than halfway through the year, and if your charity has a December year-end, now’s the time to start thinking about how you’ll close the year and who’s 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 it’s time to go to market for a new auditor— 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 you’ve crossed the audit threshold.

BEST MOMENTS

“Audits aren’t designed to catch you out. They’re there to confirm your picture is accurate.”

“Prepping for your audit is prepping for your peace.”

“Even if you’re a team of one, with the right prep, you can go into audit season calm, clear, and confident.”

ABOUT YOUR HOST

Aishat operates her own bookkeeping and accounting services practice –BAnC Services – 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-profit’s mission.

She is the author of Money Solutions for Single Mums and Charity Finance from A to Z – 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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Audit Panic? How to Be Ready Even If You're a One-Person Finance Team

Audit Panic? How to Be Ready Even If You're a One-Person Finance Team