- Maintaining Accurate Records: Ensure that all financial records are up-to-date and accurately reflect the company’s transactions. - Implementing Strong Internal Controls: Effective internal controls can help in reducing the risk of errors and fraud. - Conducting Internal Audits: Regular internal audits can help in identifying and addressing potential issues before the external audit. - Communicating with Auditors: Maintain open and transparent communication with the external auditors to facilitate a smooth audit process.