While many of the rules of business have changed, the fundamentals haven’t. Meeting investor expectations begins with the completeness, accuracy and fair presentation of information in your financial statements and disclosures.
The audit is key to sustaining confidence in both your company and the financial system at large. It must keep pace with a fast-evolving corporate reporting environment – one characterised by investor scepticism and the 24/7 scrutiny of corporate information, including non-financial information.
In addition to the audit of financial statements, our risk assurance practice helps management make well-informed decisions. The insight and independent assurance we bring provides an invaluable safeguard in today’s complex operating environment. We work with you in your boardrooms and back offices, helping you protect and strengthen every aspect of your business, from people to performance, systems to strategy, business plans to business resilience.
As market leaders, we constantly pioneer to give our clients an intelligent, imaginative and resourceful service. Our experts analyse every aspect of our clients' activities, providing real value to each of their businesses and underpinning investor confidence. Whoever our clients are, we get to know them so we can understand their present and help them prepare for the future.
Our assurance practionners provide an extensive range of audit and assurance related services. We will determine the type and extent of the audit procedures required, depending on the risks and controls that have been identified. These procedures may include:
Examining financial and accounting records, other documents, and tangible items such as plant and equipment
Watching certain processes or procedures being performed
Asking a range of questions - from formal, written questions to informal, oral questions - of a range of individuals in the organisation
Obtaining written confirmations of certain matters - for example, asking a debtor to confirm the amount of their debt with the organisation
Testing some of the organisation's internal controls
Making judgments on significant estimates or assumptions that management made when they prepared the financial report
An audit is the examination of the financial report of an organisation - as presented in the annual report - by someone independent of that organisation. The financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory notes.
Under the Corporations Act, certain entities, such as Australian listed companies and registered schemes, must prepare a financial report for each half year, in addition to the annual financial report. The half year financial report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other explanatory note
Staying informed of the latest financial reporting developments and how they apply to your situation is essential for any business. We provide up to date information and alerts on IFRS and their application to streamline financial reporting.