Audited and unaudited
Know which numbers your auditors have finished with.
Orion never audits and never gives an opinion. It records which periods your auditors have completed their work on, as a person on your team marks it, and labels every report with it: audited, reviewed, or unaudited management numbers. Audit adjustments post as their own journals, so the difference between what management closed and what the auditors finished with stays visible.
- FY2024AuditedReport dated Mar 14, 2025
- FY2025AuditedReport dated Mar 20, 2026 · 3 audit adjustments
- Jan to Sep 2026UnauditedClosed and signed off by your team
- Oct 2026OpenClose day 4 of 5
- FY2025 as closed
- $4,812,300
- Audit adjustments
- -$48,200
- FY2025 audited
- $4,764,100
On every report
Every period carries its state.
- Audited
- A fiscal year your auditors have completed, marked by a person with the date of their report.
- Reviewed
- Periods covered by a review engagement, where your company has one.
- Unaudited
- Closed and signed off by your team, and not yet covered by an audit.
- Open
- Not yet signed off. Shown as open wherever it appears.
When the audit finishes
Mark it, adjust it, compare it, lock it.
- 01
Mark
A person records the auditors' completion date, from their report.
- 02
Adjust
Audit adjustments posted as their own journals, with the auditors' reference.
- 03
Compare
Management's close beside the audited year, account by account.
- 04
Lock
The audited year locked; reopening it takes a reason and a record.
Who reads it
A label nobody has to remember to add.
The board
Every report carries the state of each period it shows.
Lenders
Covenant figures from unaudited months say so on the page.
Year to date
Unaudited months shown beside the last audited year.
Prior periods
A change to an audited figure is shown against it, never silently.
What Orion works out, and what is yours
Orion does the arithmetic. People sign.
Orion labels and keeps the record on its own. Marking a year as audited and posting audit adjustments are a person's.
Orion matches, ties and calculates on its own, from the records already in your foundation. Every journal posted, every difference written off, every reconciliation signed off and every period locked is a person's decision, recorded with their name. Orion never moves money.
Orion works it out
- Labels every report with each period's state
- Keeps audit adjustments apart from management's close
- Shows management's numbers beside the audited year
Always a person
- Marking a year as audited
- Posting audit adjustments
- Reopening an audited year
FAQ
Audited and unaudited results, run end to end.
Does Orion audit our financial statements?
No. Orion does not audit or give an opinion on anything; your auditors do. Orion records which periods they have completed their work on, as a person on your team marks it, and labels every report with it.
How does a year become audited in Orion?
A person with the right marks it, with the date of the auditors' report. Until then, every closed period is labeled unaudited, and every open one as open.
Where do audit adjustments go?
They post as their own journals, carrying the auditors' reference, after a person on your team posts them. Management's close stays as it was signed, so the two can be compared account by account.
Can we share unaudited numbers with lenders?
That is your decision. Every report Orion produces carries the state of each period on it, so a reader always sees which numbers are unaudited management figures.
What happens if a prior period changes after the audit?
The change is shown against the audited figure with who made it and why, and reopening an audited year takes a named person and a reason. Nothing in an audited year changes silently.
Related in Orion
- Period close and sign-offA period closes when the checks pass and the people your company names sign it, and then it is locked.View
- CFO overviewCash, receivables, payables, revenue, the close and budget in one view, read from the records each product already holds.View
- Flux and varianceEvery account's movement against last period, last year and budget, with the transactions behind it and a reason for each one over threshold.View
- Roles and sign-offThe same four roles as every Ferrata product, preparers and reviewers on every task, and a sign-off order you set.View
See the audited view work on your own close.
Bring last month's close: the checklist, the reconciliations and the trial balance. We run it through Orion beside your team and show you where it would have tied, and give you an honest answer if the close is slow for a reason upstream that you should fix first.
Your close calendar, chart of accounts, thresholds, reviewers and sign-off order are yours, and they stay yours. Orion is configured to the way your team closes. You are not handing over a playbook or fitting into a template.