Measures a company’s preparedness for an internal or external audit.

What it Measures ?

Are we ready for audits?

Relevant StakeHolders 

Audit Team, CFO

In-depth Use Case / Real-world Example

Audit Readiness Score evaluates how well-prepared a company is for an audit, considering factors like the accuracy of financial records, documentation completeness, and compliance with accounting standards. For example, a company may receive an audit readiness score based on a checklist, and the score could be 85%, meaning it has met 85% of the audit preparation criteria. A higher score indicates a smoother audit process with fewer issues, while a low score signals the need for improvement in documentation, compliance, and internal controls.