AUDIT AND ASSURANCE

As the 2025 financial year draws to a close, businesses across Ghana are preparing for one of the most critical periods in the corporate calendar: The Filing Season.

For many, "audit" is a word that triggers anxiety. However, at Allied Board Konsult, we view the audit season as an opportunity—a time to validate your hard work, prove your transparency to stakeholders, and ensure your business remains "In Good Standing" with the Office of the Registrar of Companies (ORC) and the Ghana Revenue Authority (GRA).

The 2026 Regulatory Landscape

This coming season is unique. With the full integration of digital reporting and the GRA’s tightened focus on cross-referencing VAT data with reported income, your audit must be more than a simple "box-ticking" exercise. It must be a robust verification of your financial integrity.

Why an Early Audit is Your Best Strategy

Waiting until the April deadline to start your audit is a recipe for disaster. Here is why proactive businesses start early:

1. Avoid Penalties: The ORC has increased the strictness of penalties for late filing of Annual Returns. An early audit ensures you meet your statutory deadlines comfortably.

2. Lender Confidence: If you are seeking bank financing in 2026, having audited 2025 accounts ready by February or March puts you at the front of the queue for loan approvals.

3. Error Correction: Starting early gives us time to identify and resolve any accounting discrepancies before they become "qualified" opinions in your final report.

Your Audit Readiness Checklist

To make this season your smoothest yet, ensure your team has organized the following:

• Final Trial Balance: Reconciled and closed as of December 31, 2025.

• Bank Confirmations: Authorization letters ready to be sent to your bankers.

• Statutory Filings: Evidence of all SSNIT, PAYE, and VAT payments for the year.

• Fixed Asset Register: Updated with any new additions or disposals made during the year.

How Allied Board Konsult Supports You

Our approach to Audit & Assurance is built on the International Standards on Auditing (ISA), but delivered with local context. We don't just find problems; we provide solutions. Every audit we conduct concludes with a Management Letter—a strategic document that gives you actionable advice on improving your internal controls and financial efficiency.

Don’t let the filing season overwhelm you. Our team is currently booking audit slots for the first quarter of 2026.

Secure your spot today and enter the new year with total financial clarity.