Prepare statements for board review

Trigger: The financial close process concludes and consolidated financial data becomes available for reporting.

1. Compile consolidated financial data from general ledgers
2. Draft primary financial statements including balance sheet, income statement, and cash flow
3. Prepare accompanying footnote disclosures and management commentary
4. Perform internal accuracy and variance checks on the draft
5. Format and assemble the statement package for board presentation

Outcome: A complete, formatted draft of the financial statements is ready for the board of directors to review prior to external audit.