Planning & materiality
We set performance materiality, identify significant accounts, and walk through processes for revenue, purchases, payroll, and inventory. You receive a document request list timed to your close calendar.
Fieldwork guide
What happens between the engagement letter and the opinion
Financial auditing is not a desk exercise alone. This guide walks through how Harborline plans, counts, tests, and closes — so your finance team knows what to expect on site.
Inventory observation
Where inventory is material, we attend physical counts: test counts, sheet control, and cut-off at receiving and shipping. Plant hosts should freeze movements or log them carefully during the count window.
Substantive testing
Confirmations, vouching, analytical procedures, and cut-off testing follow. We ask for reconciliations that already exist — bank, intercompany, inventory — rather than inventing new schedules when yours are sound.
Closing & reporting
Proposed adjustments are discussed with management first. The auditor’s report, management letter, and board summary follow once representation letters are signed and subsequent events are cleared.
How to prepare your team
- Assign one finance contact and one operations contact for the count day
- Reconcile perpetual inventory to the general ledger before we arrive
- Stage open purchase orders and shipping documents for cut-off testing
- Tell us early about related parties, unusual contracts, and prior-year adjustments