From the blog

Audits are not only about last year. They show how ready your systems are for the year ahead. For school finance teams, year-end is already a full plate. You are closing off budgets, preparing board reports and keeping daily processing moving. Then the auditors arrive and the questions start. It is easy to treat the audit as a once-a-year scramble. Pull the files. Answer the questions. Fix the issues. Move on. Schools that have calmer audits do something different. They use year-end as a chance to check a few basics in their accounts payable (AP) system. If you already use Alii, this article will help you fine tune how Alii supports you from the first day of the new period. If you are still working in a more manual way, it gives you a picture of what “audit ready AP” looks like in practice.