Sydney Auditors

Auditors Australia - Specialist Sydney Auditors

Our Sydney auditors play a critical role in delivering assurance services designed to create and maintain investor and member confidence in an organisation’s financial reporting frameworks. Our team of independent auditors work to be the trusted intermediary between your accounting firm and your stakeholders whether they be investors, capital markets, not for profit members, shareholders, banks, or government agencies/regulators.

Our team of Sydney auditors have decades of experience delivering assurance solutions to the market and pride ourselves on providing valuables insights and recommendations to improve your financial procedures and reporting framework. Our dynamic risk assessment framework is built on world-leading audit software allowing us to predict and evaluate risk areas within your organisation to help leaders make informed decisions while increasing confidence both internally and externally. This is done using a mix of computer-generated risk analysis and analytics combined with input from our experienced audit professionals to reduce human bias while retaining the value of experience led auditing.

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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

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02 8246 7264

Level 3
55 Pyrmont Bridge Road
Pyrmont NSW 2009

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    Why Choose Us

    Registered Company Auditor Sydney

    As Registered Company Auditors we are licensed by ASIC (Australian Securities and Investment Commission) to deliver audit services to businesses and organisations throughout Australia. Our staff have decades of experience in auditing and have chosen to focus their careers on this niche area. We are passionate about delivering high quality audits with a value for money approach based on the use of cloud technologies to automate the mundane and manual tasks allowing our team to focus on delivering value and handling the complex areas efficiently.

    Delivering our services on the twin pillars of technical excellence and technological automation allows us to provide a niche offering to organisations throughout Australia. Across numerous industries stakeholders are requiring more and more transparency allowing auditors to be innovative in their approaches to quality by the use of data and AI based analytics.

    Company Auditor
    ASIC licenses Registered Company Auditors who have done the years of training required to be licensed to complete corporate audits under the Corporations Act 2001 (Cth). Completing a company audit involves applying professional scepticism to the books, procedures, and records of a company in order to obtain a reasonable level of assurance that the reports are free of material misstatement. Keep in mind this does not mean that the work is perfect or free from any and all errors but rather that there are no errors which will materially affect the use of the reports by stakeholders. In delivering assurance solutions to companies our Registered Company Auditors pride themselves on their audit quality. We ensure consistently high quality audit executions by using a mixture of digital solutions based on our market leading audit software platform along with our unique in house workflow systems to deliver a high degree of assurance in all our engagements. Our culture is focussed on quality and all engagements and final reports are completed by our directors who also provide internal supervision and review throughout the engagement.

    AFSL Auditor – Financial Licensee Audits

    All Australian Financial Services Licensee holders are required to produce audited financials to the regulator under the Corporations Act 2001 (Cth). This submission is achieved via the lodgement of form FS70 & FS71 along with a copy of the audited statements themselves. These statements must be lodged within three to four months of the end of the financial year based on the category of AFSL held by the company. Note that in recent years ASIC has chosen to extend this deadline by a month although we unfortunately have no visibility as to whether this extension will continue in future years.

    The AFSL Auditor will initially audit of the financial statements to confirm whether the figures presented are materially correct and thus providing a level of assurance for the regulator to consider. This involves a review of a sample of source documents usually held in the companies Xero file or other cloud software platform. We will also test the carrying values of assets and liabilities disclosed on the balance sheet for any impairment. It is important to note you are required to complete cashflow projections both for the year being audited as well as for three months after the end of the audit period ensuring that the company has no solvency or other liquidity issues.

    Along with the audit of the financial statements we will need to audit your compliance paperwork including risk management procedures, FSG, compliance manuals etc. For more information checkout out AFSL Audits page.

    Not for Profit Auditor
    Not for Profit Auditor
    Charities registered under the ACNC (Australian Charities and Not-for-profits Commission) are required to have differing levels of assurance based on their turnover. For small charities under $250,000 turnover there is generally no ACNC requirement for an audit or review with the regulator being pleased to accept an Annual Information Statement alone. This does not always mean smaller Not-for-profits are exempt from an audit depending on whether they require one under their constitution or due to any funding they have received which may come with the obligation to provide acquittals or audited reports.

    For mid-sized organisations up to one million of turnover the financial reports will need to be reviewed although not necessarily audited prior to submission to the ACNC. A review is basically a lighter touch version of an audit which is generally a little cheaper but provides a lower level of assurance and involves less review of the organisation’s books. In this instance the not for profit auditor will only need to gain sufficient evidence to remark that they do not know of anything that indicates the organisation is non-compliant, so it is a negative assurance as opposed to a positive assurance. It is worth nothing a review may not be appropriate for these size organisations depending on whether the constitution, rule book or other incorporation documents or based on how the organisation achieves its funding. Our not for profit auditors can provide advice and support to organisations in determining whether a review or audit is more appropriate in your unique circumstances.

    For entities registered under the ACNC with a turnover of over one million they are required to complete fully audited financial statements to be submitted to the regulator. This audit shows whether the reports, in all material aspects, meet the requirements of the Australian Charities and Not-for-profits Commission Act 2012 (Cth) along with the associated regulations and auspices of the Charities Act 2013 (Cth).  In this instance the not for profit auditor must acquire sufficient audit evidence to allow a positively framed assurance opinion stating that your organisation meets it’s requirements under the Act.

    SMSF Auditor

    An SMSF Auditor is an auditor who is separately licensed by ASIC to complete Self Managed Super Fund audits either directly to trustees or via their accountants. We have a number of excellent SMSF auditors within our onshore team who complete audits of SMSF files using either the Class Super, Super Mate or BGL360 software systems. Please note that being a digital firm we are unable to complete audits using paper records or those that are being done without the input of an SMSF Accountant. This is a quality control mechanism for us as well as the commercial reality that attempting to complete a manual SMSF audit is overly expensive for the fund while not being particularly profitable for the auditor.

    Our audits are generally all completed on a fixed fee basis and can be done within a few working days unless the fund is unusually complex or non-compliant. Our SMSF Auditors are experienced in the reporting requirements under the Superannuation Industry Supervision Act 1993.

    Incorporated Association Audits

    For associations governed by the NSW Fair Trading legislation, the Associations Incorporations Act 2009 (NSW), they will be required to complete an audit if they fall into the Tier 1 category of associations which is defined as those with current assets of more than half a million or revenue of more than quarter of a million. Keep in mind that the definition of current assets under this Act is different than under the general accounting standards as it includes assets other than real property or those that may be depreciated. For example, this will capture stocks, term deposits, debentures, and other financial instruments which the general accounting standards would sometimes differently classify as non-current assets depending on the situation.

    For Tier 2 entities, those falling under those thresholds, there is no requirement to complete an audit unless the entities Constitution or Rules of Incorporation separately require it or if it is required by another stakeholder such as a funding body.

    Note that if the association is registered by the ACNC they may be covered under an exemption which means they are not required to lodge the reports with NSW Fair Trading as well as the ACNC. For more information about this exception checkout the government factsheet here.  

    We are here to help!

    Do you want to learn more about how our Sydney Auditors can help your business or organisation? Give us a call on (02) 8246 7264 or get in touch online and we will be in touch within a couple of business days!