The way companies communicate to the auditors is through technical memos and audit schedules.
Audit schedules include the account details generated through the account reconciliation process, as well as calculations related to option valuation, revenue recognition, depreciation and amortization, etc.
During the planning process, the auditors will generate a schedule request, which is the initial list of specific schedules they will need. We will prepare all of these schedules so that when they arrive, they will have everything they have asked for. For the most efficient audit, ALL these schedules should be complete before they start the audit.