Assurance

Our Private Clients Assurance team provides assurance on your financial performance and operations, external financial reporting giving you the comfort and security that you are meeting your obligations and adapt to new regulatory requirements, such as the International Financial Reporting Standards (IFRS).

The team have the experience and support of being part of the world's leading audit and assurance firm. While we are proud to work with almost half of the FTSE 100 and Fortune 500 and many of the top ASX listed companies, we are just as proud to have been appointed as auditor to thousands of private and family businesses.

In every case, the PwC audit is underpinned by our deep industry knowledge, wide international experience and global network of skilled professionals. PwC's Assurance group can help your organisation report externally on nonfinancial information, strengthen its corporate governance procedures and achieve social and economic goals related to corporate sustainability.

An audit provides you with valuable insight into your business. It can also offer feedback about whether financial risks are being appropriately managed and financial and operating procedures are efficient.

It provides an independent opinion that the financial statements are free of any material misstatement and fairly present the financial position of a company. This gives credibility to your financial statements and comfort to those who use them, such as owners, investors, financiers and suppliers.

Following auditing standards, the audit process involves an assessment of:

• Business and financial risks of the company and an assessment of the internal controls that mitigate those risk
• Whether the assets, liabilities and profit and loss item amounts have been appropriately stated in the financial statements
• Whether the financial statements have been prepared in accordance with accounting standards.