Audit and Assurance
Achieve Confidence Through Clarity and Insight
Audit and Assurance Services Tailored to Your Business
Our audit and assurance services go beyond compliance — they’re about giving you confidence in your financial information and insight into your business operations.
Our experienced audit professionals partner closely with you to understand your organisation, its risks, and its goals. Using a risk-based, value-focused approach, we deliver audits that are efficient, insightful, and aligned with your strategic direction.
We provide a full suite of audit and assurance services, including:
Statutory audits for compliance and transparency
Internal audits to strengthen governance and internal controls
Compliance audits to ensure adherence to regulatory obligations
Through our audit process, we help:
Strengthen your financial reporting and governance processes
Enhance stakeholder trust and confidence
Identify opportunities to improve efficiency and performance
Your audit is more than an obligation — it’s an opportunity to gain clarity, strengthen your systems, and support sustainable growth.
To learn how our tailored audit and assurance solutions can help your business move forward with confidence, reach out today.
Some of the services we offer include:
External audits and reviews
Independent Limited Assurance Reports for IPOs
Agreed-upon-procedures
Internal control reviews
Internal audits
Financial reporting and advisory
Fraud prevention and detection
Due diligence and investigations
Technical accounting advice
Probity audits
Risk management and risk consulting
IT assurance and cyber security assessments.
Our audit and assurance services are offered across different types of organisations, including the following:
ASX-listed companies
Pub non-listed entities
Large private entities
International companies and Australian subsidiaries
Managed funds, responsible entities, investment managers
Superannuation funds
Trusts
Family businesses, partnerships, joint ventures and trading trusts
Public sector entities including local and state governments, health services and universities
Not-for-profit organisations and charities
Co-operatives.
Justin Woods
Partner
Rob Cooper
Director - Audit & Assurance
Greg McGuiness
Assistant Manager - Audit & Assurance
Frequently asked questions about audit & assurance
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Audit requirements come from a number of sources, including the Corporations Act 2001, your company’s constitution, your bank, shareholder requests and other government legislation.
Large, proprietary limited companies, public companies and small, foreign-owned proprietary limited companies are required to be audited under the Corporations Act.
Special rules apply to not-for-profit public companies limited by guarantee.
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Yes!
ASIC will sometimes exempt small, foreign-owned proprietary limited companies and entities that are part of a consolidated group, provided certain conditions are met. -
An audit involves extensive testing and results in an opinion of positive assurance, i.e. the subject matter is true and fair in accordance with the applicable framework.
A review is similar to an audit, but less rigorous in terms of the nature and extent of the procedures used. As such, review results only offer limited assurance on the subject matter. An opinion of negative assurance is provided, i.e. nothing has come to our attention that the subject matter is not true and fair in accordance with the applicable framework.
The term “agreed-upon procedures” refers to issues where management dictates the scope and extent of tests to be performed on a limited subject matter. Findings are reported without any opinion. These are useful when management wants an external expert to monitor financial statements at a minimal cost or for interim reporting between annual audits. This is also useful if you’re looking to review a specific risk or area, such as due diligence when buying a business, performance evaluation of a new process, or suspicion of fraud.
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Retail property outgoings statements should be prepared in accordance with the Retail Leases Act of that State as well as the lease. Specific areas that often require adjustments include: recovery of land tax, management fees, audit fees, repairs vs capital items, and tenant-specific costs. We can advise on appropriate documentation for related party fees regarding your property.
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Begin with a clear understanding of what your audit and financial reporting requirements are. Know the extents to which you need to adhere to Australian Accounting Standards or International Financial Reporting Standards and the disclosures you are required to make in the financial statements – including any relevant, non-financial data.
You’ll also need to review your current accounting system and processes to:
• Make sure adequate data is captured and reconciled, and
• Compare your current accounting policies to Accounting Standards and identify any differences
You’ll also need to have a planning meeting with your external auditor to gather a checklist of documents and a timetable of what procedures will happen and when.
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Yes. Annually.
This includes an audit of financial statements and the Fund’s compliance with SIS laws. Auditors are required to report any significant contraventions to the ATO, as there will be questions in the Fund’s annual tax return regarding the outcome of the audit.