In alignment with the Ethiopian fiscal calendar, most businesses close their books at the end of June and proceed with tax filing until October 30. Consequently, this period marks a critical phase where organizations focus on year-end closing procedures and preparing for external audits of their financial records.

Audit readiness is more than preparing for a single event, it’s about building a strong foundation of financial discipline, transparency, and operational control. Whether it’s a statutory audit, tax audit, or an inventory-focused review, being well-prepared not only eases the audit process but also strengthens credibility with regulators, investors, and other stakeholders.

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