Who This Is For:

•  Finance teams with slow month-end close processes
• Organizations with frequent restatements or journal corrections
• Companies implementing new ERP systems
• Businesses preparing for statutory audit and wanting clean records

R2R Audit Sub-Components:

a. Journal Controls Review:

• Manual journal entry authorization requirements
• Non-routine and large journal entry review
• Journal entry support documentation
• Unusual account combinations
• Period-end adjustment controls

b. General Ledger Audit:

• Chart of Accounts review (completeness, appropriateness)
• GL access controls (who can post, approve, reverse)
• Inactive account cleanup • GL to sub-ledger reconciliation
• Unexplained GL balances

c. Closing Process Review:

• Month-end close checklist existence and use
• Close schedule adherence (target: within 5 business days)
• Closing bottlenecks and dependencies
• Accruals and provisions adequacy
• Cut-off procedures (revenue, expenses, inventory)

d. Reconciliation Audit:

• Bank reconciliation (frequency, timeliness, investigating old items)
• AR sub-ledger to GL
• AP sub-ledger to GL
• Fixed asset register to GL
• Inventory to GL
• Intercompany account reconciliation

e. Financial Reporting Controls:

• Financial statement preparation process
• Review and approval before issuance
• Disclosure completeness and accuracy
• NFRS/IFRS compliance
• Comparative period consistency

f. Disclosure Review:

• Notes to financial statements completeness
• Related party disclosure adequacy 
• Contingency and litigation disclosure 
• Accounting policy disclosure
• Subsequent events

What We Deliver:

• R2R process flowcharts 
• Month-end close timeline analysis 
• Control gap matrix for all R2R sub-processes
• Reconciliation quality assessment
• NFRS disclosure compliance checklist
• R2R improvement roadmap