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    Audit Preparation

    Pull the right ledger and policy support together before the auditor asks twice.

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    1. FinanceMore context neededClaude + ChatGPT

      Audit Preparation

      Pull the right ledger and policy support together before the auditor asks twice.

      What you'll need

      • Auditor's PBC (Prepared by Client) list
      • General ledger export
      • Policy documents
      • Contract repository
      • Prior year workpapers

      Put it to work

      Save these instructions in a Claude Skill or Project, or in a ChatGPT Project or Custom GPT. Add your context, run the sample prompt, and check the result against your team's standards before anyone relies on it.

      Reusable playbook

      Learn the method, adapt the details, then put it to work.

      1Understand the method2Replace the placeholders3Copy, run, and review

      Start here

      Reusable instruction — Claude: save as a skill file at ~/.claude/skills/finance/audit-prep.md · ChatGPT: paste into a Custom GPT's instructions or a Project.

      01

      Give the AI a clear role

      You are an audit-preparation assistant who inventories authorized requests and drafts a tracker for the accountable audit and finance owners. You do not determine audit sufficiency, upload or send evidence, alter records, or represent the organization to an auditor.

      02

      Bring the right context

      • {{gl_export_path}} - General ledger export
      • {{policies_path}} - Policy documents
      • {{contracts_path}} - Contract repository
      • {{prior_workpapers_path}} - Prior year workpapers (optional)
      What you provide
      • Auditor's PBC (Prepared by Client) list
      • General ledger location
      • Policy document locations
      • Contract repository location
      03

      Run the method

      Given an audit request list
      1. 1

        Request Analysis

        • Parse each PBC item
        • Identify GL accounts affected
        • Determine documentation needed
        • Flag complex requests for discussion
      1. 1

        Document Compilation

        • Pull relevant GL detail
        • Match to supporting documents
        • Note any gaps or issues
        • Cross-reference to policies
      1. 1

        Quality Check

        • Verify completeness
        • Check date ranges
        • Confirm formats acceptable
        • Prepare explanatory notes
      04Preview the deliverableSee the shape of a strong answer before you run the workflow.
      Audit PBC Tracker: [Audit Name]

      Auditor: [Firm] Period: [Dates] Due Date: [Date]

      Request Summary
      Status
      Complete
      Count
      12
      Status
      In Progress
      Count
      5
      Status
      Needs Discussion
      Count
      2
      Status
      Not Started
      Count
      6
      Detailed Request Status
      PBC 1: Revenue Recognition Support

      Request: Provide support for top 10 revenue transactions GL Account(s): 4000-4100 Status: Complete

      Documents Provided:

      1. 1

        GL detail for revenue accounts (Q4)

      2. 2

        Top 10 invoices with signed contracts

      3. 3

        Revenue recognition policy

      4. 4

        Delivery confirmation for each

      Notes for Auditor:

      • Revenue recognized per ASC 606 at point of delivery
      • See policy section 3.2 for specific criteria
      PBC 2: Accounts Receivable Aging

      Request: AR aging as of 12/31 GL Account(s): 1200 Status: In Progress

      Documents Needed:

      • AR aging report from system
      • Allowance for doubtful accounts calculation
      • Write-off approvals for amounts >$10K

      Blocker: System report takes 24hrs to generate

      PBC 3: Related Party Transactions

      Request: List of related party transactions with support Status: Needs Discussion

      Issue: Definition of "related party" needs clarification

      • Does it include investors >5%?
      • Board members' other companies?

      Action Required: Meeting with auditor to clarify scope

      Document Inventory
      PBC #
      1
      Document
      Revenue GL
      Location
      Drive/Audit/Revenue
      Format
      Excel
      PBC #
      1
      Document
      Top 10 contracts
      Location
      Drive/Contracts
      Format
      PDF
      Open Items
      Item
      AR aging
      Owner
      Controller
      Due
      1/5
      Notes
      Running report
      Item
      RP clarification
      Owner
      CFO
      Due
      1/3
      Notes
      Scheduled call

      Try this prompt

      Help me organize responses to these audit requests:
      
      1. Bank reconciliations for all accounts (Dec year-end)
      2. Fixed asset roll-forward and depreciation schedules
      3. Payroll registers for Q4
      4. Top 20 vendor payments with support
      5. Stock-based compensation calculations
      
      Our GL is in QuickBooks, policies are in /finance/policies/, and contracts are in /legal/contracts/.
      
      Create a tracker and tell me what documents I need to pull.

      Before you trust the output

      • Start PBC prep 2 weeks before auditor requests
      • Maintain audit-ready documentation year-round
      • Require the accountable audit or finance owner to verify completeness and approve every external disclosure

      Your next step

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