How should ISC funding schedules be prepared for audit?

For strong ISC funding schedules audit preparation, schedules should already reconcile to the general ledger before audit fieldwork begins. Funding should be separated by agreement, program, and funding type, with clear continuity between opening balances, current-year activity, and ending deferred revenue or receivable balances.

Problems usually start when schedules are built from scratch after year-end instead of maintained throughout the year. The smoother audits are typically the ones where Annex A reporting, PAYE reconciliation, and accrual tracking are already current before auditors arrive.