Private Company Audits

If your private company meets any two of the following criteria (considering its controlled entities), an audit must be conducted annually in accordance with the Corporations Act 2001.

  • $50 million or more in consolidated revenue for the financial year.
  • $25 million or more in consolidated gross assets at the end of the financial year.
  • 100 or more employees at the end of the financial year.

However, most of the auditing work we do is for smaller companies who are looking for assurance services either in preparation for an eventual sale or to ensure their processes and procedures are setup to effectively prevent potential fraud either by employees or management. Sometimes this is also a requirement when tendering for larger government projects or working with larger companies.

Annual audits of your financial statements also provide assurance and build the confidence of external parties including financial institutions. The team at Auditors Australia have significant experience auditing private companies like yours, ensuring accurate and useful financial reporting in your company.

how we help

Private Company Audits

Decades of Experience

Auditors Australia have a team of audit specialists with decades of experience providing services to companies and organisations throughout Australia.

We have a deep understanding of the regulatory requirements specific to different audits and types of entities including the various legislation instruments that effect those entities.

Our commitment is to develop long term professional working relationships with our clients providing value beyond the audit report itself via the provision of assurance advisory and support.

Our professionals have an extensive range of skills in audit and related services and use the latest technology to provide efficient risk-based audits allowing us to be cost competitive while delivering additional value throughout the process.

Auditors Australia have a team of audit specialists with decades of experience providing services to companies and organisations throughout Australia. We have a deep understanding of the regulatory requirements specific to different audits and types of entities including the various legislation instruments that effect those entities. Our commitment is to develop long term professional working relationships with our clients providing value beyond the audit report itself via the provision of assurance advisory and support. Our professionals have an extensive range of skills in audit and related services and use the latest technology to provide efficient risk-based audits allowing us to be cost competitive while delivering additional value throughout the process.GTS group
 
Very professional service, the team were thorough and ensured the process was smooth. The management letter was very comprehensive helping us to improve our internal processes. The advice was more than we were expecting. PACM