Audit
Readiness
Whether you're facing a financial statement audit, compliance review, or regulatory examination, our experienced team ensures your records, controls, and processes are fully aligned with audit standards and expectations.
Pre-Audit Assessments
TFR understands how complex and stressful navigating an audit can be, which is why we have designed our pre-audit assessment services to provide clarity, strengthen internal readiness, and reduce the risk of costly findings or delays. Whether you're preparing for your first audit or seeking to improve past outcomes, we partner with our clients to conduct a thorough diagnostic review to identify potential gaps, recommend actionable improvements, and support your internal teams through the entire pre-audit process. Our Pre-Audit Services Include: • Internal control assessments and process walkthroughs • Readiness reviews aligned with applicable standards (GAAP, GAAS, etc.) • Documentation review and audit trail verification • Risk identification and mitigation planning • Remediation support and staff coaching We understand that every organization is unique, and so is an audit journey. Our goal is not only to help you prepare—but to empower your team with the insight and tools to face the audit process with confidence, transparency, and peace of mind.
Documentation Support
At the heart of every successful audit is accurate, organized, and accessible documentation. Our audit documentation services have been designed to provide organization of records, controls and evidence necessary to support a smooth audit process. We partner with you to identify documentation gaps, align records with regulatory and auditor expectations, and develop sustainable practices for ongoing compliance. Whether preparing for an internal, external, or regulatory audit, we ensure your documentation reflects the integrity and completeness of your financial and operational activities. Our Documentation Support Services Include: • Comprehensive document reviews and gap analysis • Standardization of financial and compliance records • Audit trail development and evidence organization • Supporting schedules and reconciliations preparation • Creation of audit-ready documentation templates and checklists • Training and guidance for internal documentation practices Audits can be daunting but with the right documentation processes in place it can be much more efficient and manageable. Our goal is to give your organization the structure and confidence needed to present your records clearly, consistently, and credibly—minimizing audit risk and maximizing readiness.
Internal Controls Evaluation
It is essential to have strong internal controls that result in accurate reporting, regulatory compliance and organizational integrity. Our internal control evaluation services are designed to help you assess, refine, and strengthen the policies, processes, and safeguards that protect your organization and prepare you for a successful audit. Through a structured and collaborative approach, we review your control environment against best practices, industry standards, and applicable compliance requirements. We identify potential weaknesses, test control effectiveness, and recommend practical enhancements—ensuring that your organization not only meets audit expectations but also operates with greater efficiency and reduced risk. Our Internal Controls Evaluation Services Include: • Comprehensive assessment of control design and implementation • Testing of key controls for operational and financial processes • Identification of control gaps and risk exposures • Recommendations for remediation and control enhancement • Documentation of control frameworks for auditor review • Training for staff on control responsibilities and compliance awareness By proactively evaluating your internal controls, you reduce the likelihood of audit findings, protect against fraud and errors, and instill greater stakeholder confidence. Our goal is to help you move into the audit process with a robust, transparent, and well-documented control environment—laying the groundwork for both compliance and long-term organizational health.
Policy & Procedure Alignment
Consistent, well-documented policies and procedures are essential for demonstrating compliance and operational integrity when facing an audit. Through our policy and procedure alignment services we help organizations review, update and align internal frameworks with current regulations, industry standards, and best practices – ensuring what is written in policy matches what is executed in practice. We take a collaborative, detail-oriented approach to evaluate existing policies, identify inconsistencies, and address gaps that could raise questions during an audit. By aligning procedures with documented policies, we create a unified compliance framework that not only supports a smooth audit process but also strengthens day-to-day operations. Our Policy & Procedure Alignment Services include: • Comprehensive review of existing policies and procedures • Gap analysis against regulatory and industry requirements • Alignment of operational practices with documented policies • Updates to outdated or non-compliant policy language • Development of new policies to address emerging requirements • Staff training to ensure consistent policy application When policies and procedures are aligned, audits become more predictable, findings are minimized, and compliance confidence grows. Our goal is to ensure your organization can clearly demonstrate that its policies are more than just documents—they are living standards consistently applied across all operations.