Assurance (audit & risk)

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Providing peace of mind all year round

If you're focused on growing your business while staying on top of the detail, PwC's Private Clients assurance and advisory team is able to help you achieve your goals faster.  Running a privately owned business brings unique challenges. In addition to managing the detail, you need to drive growth, while also satisfying your regulatory and stakeholder obligations. A strong assurance framework gives you peace of mind, makes it easier to raise capital and funds, builds trust in your brand, and allows you to take your business to the next level.

Whether it’s helping you prepare for a trade sale or initial public offering, building governance and a strong company culture, we provide a service that’s there for you all year round.

How we can help you

Our team draws on decades of experience with private businesses. PwC focuses on recruiting the best people in the market so that we can provide you with the best service - our existing clients consistently tell us that this is what differentiates us from other professional services firms who work in the Private Clients sector.  You can expect a tailored solution from PwC Private that's right for you.  You can also expect plenty of time with our partners and directors - we value the face to face time we spend with you as owners, understanding your personal goals and objectives, so we can provide the best advice and assistance.

As your business grows, it becomes increasingly important to set up a more formal risk, governance and control structure, potentially including internal audit processes, to provide a strong platform for further growth.

The insight and independent point of view you will experience with PwC’s Private Clients team 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.

We can help you to:

  • identify and manage risks facing your business
  • adapt to new regulatory requirements
  • improve your core business processes and systems
  • establish more effective corporate governance procedures
  • identify opportunities for improvement and expansion.

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.

PwC’s Private Clients team will give you the comfort of knowing that you are giving external stakeholders accurate and reliable information. This allows you to make better decisions, and builds trust in your company - whether this is from lenders, investors, suppliers, your employees or other stakeholders.

Contact us

Jason Perry

Partner, Private, Melbourne, PwC Australia

+61 419 342 358


Billy Meston

Partner, Private - Assurance, Perth, PwC Australia

+61 (8) 9238 3320


Nicholas James

Partner, Private - Markets Lead, Sydney, PwC Australia

+61 (2) 8266 2038


Darren Jenns

Partner, Private - Assurance, Brisbane, PwC Australia

+61 412 935 750


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Contact us