S2. E1. How to Prepare for Your First Audit - Ad Valorem
1 minute
Facing your first audit? Don’t panic. Prepare.
In this episode of the Lumina Podcast, Nikki and Nigel are joined by Darren, Audit Director at Ad Valorem, to break down what an audit really involves, who needs one, and how to make the process as smooth as possible.
Whether you’re legally required to have an audit or considering a voluntary one, Darren shares practical tips, common mistakes to avoid, and why a well-run audit can be a strategic asset, not just a compliance box to tick.
🔎 Topics covered:
When do you need an audit? 1:01
Why would you volunteer for an audit? 2:24
How to prepare for your first audit 4:56
Reasons you may volunteer for an audit 10:10
Red flags 14:14
Quickfire questions 17:13
If you’re scaling, seeking funding, or simply want more clarity in your numbers, this one’s for you.
