Perth Auditors

Perth Auditors

Our Perth auditors play a crucial role in providing assurance services designed to build and maintain investor and member confidence in the financial reporting frameworks of an organisation. Our team of independent auditors serves as a reliable conduit between your accounting firm and your stakeholders, including investors, capital markets, non-profit members, shareholders, banks, and government agencies/regulators.

Our team of Perth auditors has decades of experience delivering assurance solutions to the market, and we take delight in providing insightful recommendations to enhance your financial procedures and reporting structure. Our dynamic risk assessment framework is based on industry-leading auditing software, which enables us to predict and evaluate risk areas within your organisation in order to assist leaders in making informed decisions while boosting confidence internally and externally. This is accomplished by combining computer-generated risk analysis and analytics with the input of our experienced audit professionals in order to reduce human bias while preserving the value of experience-led auditing.

Contact Us

If you’re interested in learning more about our auditing services please reach out for a confidential quote and one of our friendly team will be in touch

Call Us

08 6185 3544

Level 25, 108 St Georges Terrace
Perth, WA 6000

Email Us

enquiries@auditorsaustralia.com.au

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    Why Choose Us
    Registered Company Auditor Perth

    As Registered Company Auditors, we are authorised by the Australian Securities and Investments Commission (ASIC) to provide audit services to Australian enterprises and organisations. Our employees have decades of experience in auditing and have chosen to focus their careers on this niche area. We are committed to delivering high-quality audits with a cost-effective methodology based on the use of cloud technologies to automate menial and manual duties, allowing our team to focus on delivering value and efficiently managing complex areas.

    By delivering our services on the twin pillars of technical excellence and technological automation, we are able to present a unique offering to Australian organisations. Across a variety of industries, stakeholders are increasingly demanding greater transparency, enabling auditors to take innovative approaches to quality through the use of data and artificial intelligence-based analytics.

    Company Auditor

    Under the Corporations Act 2001 (Cth), ASIC issues licences to Registered Company Auditors who have completed the years of training necessary to be licenced to conduct corporate audits. A company audit involves employing professional scepticism to a company’s accounts, procedures, and records to obtain a reasonable level of assurance that the reports are free of material misstatement. Keep in mind that this does not imply that the work is flawless or error-free, but rather that there are no errors that will prevent stakeholders from using the reports effectively.

    In delivering assurance solutions to companies our Registered Company Auditors pride themselves on their audit quality. Using a combination of digital solutions based on our market-leading audit software platform and our proprietary in-house workflow systems, we deliver a high level of assurance in all of our engagements, thereby assuring consistently high quality audit executions. Our culture is quality-oriented, and all engagements and final reports are completed by our directors, who also provide internal oversight and review throughout the engagement.

    AFSL Auditor – Financial Licensee Audits

    Under the Corporations Act 2001 (Cth), all Australian Financial Services Licensee holders are required to submit audited financial statements to the regulator. This submission is accomplished via the lodgement of form FS70 & FS71 along with a copy of the audited statements themselves. Depending on the type of AFSL held by the business, these statements must be submitted within three to four months of the end of the fiscal year. Note that in recent years ASIC has chosen to extend this deadline by one month, but we have no way of knowing if this practise will continue in the future.

    The AFSL Auditor will initially audit the financial statements to corroborate whether the presented figures are materially accurate, thereby providing the regulator with a level of assurance. This entails an evaluation of a sample of source documents, which are typically stored in the company’s Xero or other cloud-based software platform. We will also conduct an impairment test on the carrying values of assets and liabilities disclosed in the balance sheet. It is essential to note that you are required to complete cashflow projections for both the year being audited and the three months following the end of the audit period to ensure that there are no liquidity or solvency issues with the company.

    In addition to the audit of the financial statements, we must audit your compliance documentation, such as risk management procedures, FSG, and compliance manuals. Check out the AFSL Audits page for more information.

    Not for Profit Auditor

    Not for Profit Auditor Perth

    Depending on their annual revenue, charities registered with the ACNC (Australian Charities and Not-for-profits Commission) are required to have varying levels of assurance. For small charities under $250,000 turnover there is generally no ACNC requirement for an audit or review with the regulator pleased to accept an Annual Information Statement alone. This does not always mean that smaller non-profits are exempt from an audit, depending on whether they are required to have one by their constitution or because they have received funding that comes with the requirement to provide acquittals or audited reports.

    Prior to submission to the ACNC, the financial reports of medium-sized organisations with up to $1,000,000 in annual revenue must be reviewed, but not necessarily audited. A review is essentially a scaled-down version of an audit that is typically less expensive but provides a lower level of assurance and entails less scrutiny of an organisation’s accounts. In this instance, the auditor of a non-profit organisation need only gather sufficient evidence to state that they are unaware of anything that would indicate the organisation is non-compliant; this is a negative assurance, as opposed to a positive assurance. A review may not be appropriate for organisations of this scale, depending on the constitution, bylaws, and other incorporation documents, as well as how the organisation obtains funding. Our not-for-profit auditors can assist organisations in determining whether a review or audit is more appropriate for their particular circumstances.

    Entities enrolled with the ACNC with a revenue exceeding one million dollars are required to submit audited financial statements to the regulator. This audit demonstrates whether the reports comply with the Australian Charities and Not-for-profits Commission Act 2012 (Cth) and its associated regulations and the Charities Act 2013 (Cth) in all material respects. In this instance, the not-for-profit auditor must collect sufficient audit evidence to enable a favourable assurance opinion stating that your organisation satisfies the Act’s requirements.

    SMSF Auditor

    An SMSF Auditor is an auditor who is separately licenced by ASIC to conduct audits of Self-Managed Super Funds, either directly to trustees or through their accountants. Our onshore team includes a number of outstanding SMSF auditors who conduct audits of SMSF files using the Class Super, Super Mate, or BGL360 software systems. Please note that as a digital company, we are unable to conduct audits using paper records or without the assistance of an SMSF Accountant. This is a quality control mechanism for us, as well as a commercial reality that attempting a manual SMSF audit is prohibitively expensive for the fund, and not particularly profitable for the auditor.

    Our audits are typically completed for a fixed fee and within a few business days, unless the fund is especially complex or non-compliant. Our SMSF Auditors are well-versed in the Superannuation Industry Supervision Act 1993 reporting requirements.

    Incorporated Association Audits

    For associations governed by the Associations Incorporations Act 2015 (WA), they will not be required to complete an audit if they fall into the Tier 1 category defined as an entity under $500,000 of revenue unless they are instructed to by the commissioner or alternatively a majority of members pass a resolution requesting one at a general meeting. For Tier 2 associations with turnover between half a million to three million dollars require a review but not a full audit. A review must still be conducted based on the auditing standard but is much lighter touch than a full audit taking less time and costing less. From a practical perspective a lot of Tier 2 organisations receive grant monies they need to acquit and thus already have a lot of their books audited so choose to compete a full audit rather than a basic review. For Tier three association with a turnover higher than three million they must have a full audit conducted by a Registered Company Auditor such as Auditors Australia.

    For more information about the review and audit requirements on Incorporated Associations in Western Australia please check out the government fact page here.

    We are here to help!

    Do you want to learn more about how our Perth Auditors can help your business or organisation? Give us a call on 08 6185 3544 or get in touch online and we will be in touch as soon as possible.