Compliance & Technical
What is Audit-Ready?
Audit-ready means maintaining financial records, supporting documents, and process documentation in a state that can satisfy an external or internal auditor's requirements without significant preparation work.
Explanation
Most accounting teams are not audit-ready continuously — they spend significant time before an audit locating documents, reconstructing transaction trails, and explaining discrepancies. This audit preparation work is essentially rework: recreating documentation that should have been captured as part of normal processing. Automation creates continuous audit readiness by capturing documentation as a byproduct of processing. Every extracted document, every validation step, every approval is logged automatically. When auditors request support for a transaction, the source document, extraction record, and processing history are immediately available.
How Rima relates
Rima creates audit readiness as a natural output of its extraction and processing workflows — every transaction includes a complete, queryable audit trail from source document to final entry.
Learn about Rima's audit trailRelated Terms
Audit Trail
A chronological record that traces every action taken on a document or transaction back to its source.
Data Provenance
The documented history of where data came from and how it was transformed.
Internal Controls
Policies and procedures designed to prevent errors, fraud, and ensure accurate financial reporting.
SOC 2
A security and compliance framework that certifies how a service provider handles customer data.
See it in action
Rima automates the manual document workflows accounting teams spend hours on every week.