Assurance (audit & risk)

The majority of fraud is committed internally, by employees. Businesses without a mature control environment can be especially vulnerable. How can you, as an owner, protect your business, particularly if you’ve stepped back from the day-to-day management? We can help you put the right processes and procedures in place to make committing fraud difficult and detecting it easy, starting with an initial fraud risk assessment.

Your payroll is often one of your largest costs and it's important to ensure you have good processes to prevent and detect errors and fraud. Our payroll assurance services can help you identify control gaps in your process, efficiencies in the way you manage payroll, as well as 100% testing for suspicious transactions.

Do you need an audit?

A statutory audit is required for a company/consolidated group which meets 2 out of 3 of the following criteria:

• Consolidated revenues over $50m
• Total assets over $25m
• More than 100 employees

Even if you are not required to have an audit under the Corporations Act requirements because your business is structured in different ways (eg trusts and separate companies) we often find that the preparation and independent assessment of your consolidated trading position is very valuable as your business is growing.

We use the latest technology to deliver an efficient and high quality audit.  Our aura audit platform is PwC's global audit planning and execution solution supported by Halo which allows analysis of 100% of transactions. We exchange information with you via PwC Connect, our online portal which makes the exchange of information easy to manage.