Readiness path
From entity map to auditor handoff
A practical sequence we use with Taiwanese holding companies preparing multi-entity consolidation audit packages.
This path is not software onboarding. It is the human sequence of documents, reconciliations, and reviews that produce a consolidation package auditors can open on day one of fieldwork.
1. Entity & currency register
Confirm every entity in audit scope, ownership percentages, reporting currency, and close calendar. Note mid-year acquisitions or disposals that affect eliminations and minority interest.
2. Chart-of-accounts mapping
Align each subsidiary’s local accounts to the group chart. Capture one-to-many splits and unmapped lines before trial balances are normalised.
3. Intercompany matching
Build the counterpart matrix. Separate timing and FX differences from true mismatches. Assign owners to residuals that will not clear before fieldwork.
4. Elimination & translation drafts
Draft consolidation entries, currency translation workings, and CTA bridges. Include minority interest schedules where ownership is partial.
5. Indexed binder & briefing
Assemble working papers with a clear index. Walk your finance lead—and, if invited, the appointed auditor—through known open items before fieldwork starts.
Where Future APIQ steps in
Some clients ask us to run the full path as a consolidation audit preparation engagement. Others start with a readiness assessment and remediate gaps themselves. Intercompany-only pressure points can be scoped as a reconciliation review.