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Audit and assurance - Manufacturing and retail

We undertake the statutory audit of many commercial businesses that may require an audit of a variety of reasons including:
bulletthey are a public company
bulletthey meet the definition of a large company (under the Corporations Act),
bulletthey are a small foreign controlled company
bulletit is a requirement under their financing facilities
bulletis a requirement under their shareholder agreement or Constitution.

Whilst our audits are undertaken in accordance with the Australian Auditing Standards, they also focus on providing insight into internal control systems, quality and completeness of accounting records, adequacy of accounting policies, compliance with applicable legislation and risks faced by the business.

From time to time, organisations in both commercial and not-for-profit manufacturing, and retail sectors may require additional assurance in relation to specific matters. Limited scope audits or reviews may also be used for smaller organisations to enable them to access the services of reputable assurance providers where they cannot afford the cost of a full audit undertaken in accordance with the Australian Auditing Standards.

We are engaged to undertake limited scope audits and reviews for our clients typically where the governance body is seeking greater comfort in relation to perceived areas of financial business risk. A limited scope audit or review may also be required when management wish to demonstrate high standards of accountability, present a greater level of credibility or where various stakeholders require assurance over specific areas.

We undertake fully electronic audits embracing advanced data interrogation techniques that enable to use our expertise in the interpretation of variances, exceptions and matters requiring skill and judgement.

We are proud of and value our working relationships with both management and governance bodies. They help to ensure that maximum value is provided whilst maintaining strict independence.

We would be pleased to talk to you about how our audit services can provide value to your business.

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