Auditing Services
Confidence and compliance, your Audit's efficient conclusion
As a Director, CFO or management accountant, your governance responsibilities will be far less time-consuming when you have an LBW auditing specialist on your team. Your LBW auditor can efficiently offset much of the inevitable impact of the ever increasing audit burden on your directors and responsible staff.
It is obligatory that your chosen accountants and auditors establish and maintain a comprehensive and current understanding of your enterprise, the objectives of its stakeholders and the statutory reporting requirements particular to your current circumstances. The professional audit advice and auditing services provided by Rupa Dharmasiri and your LBW team of auditors will ensure that your enterprise's or organisation's stakeholders and senior management can remain confident that you are fully aware of the continuing alterations to the audit process, and remain compliant with the Australian Auditing Standards (AAS).
To ensure full and timely compliance with your statutory responsibilities and in accordance with the Corporations Act, make contact with your LBW audit team via e-mail, phone (+61 2) 9411 4866 today or complete an on-line enquiry without delay to secure an obligation-free consultation with an LBW partner to review your auditing needs and to give you the accounting and tax advice that only an AAS compliant accountancy practice is qualified to provide.
Your auditing and statutory compliance requirements may vary dependent upon the size of enterprise you manage and the type of industry you operate in. Foreign ownership, external funding facilities and whether you trade as a non-profit entity, among other factors will also have an influence. More than 20 years exposure to a range of differing commercial and non-profit requirements has equipped LBW's auditing team with a sound understanding of the evolving auditing issues faced by a broad cross section of business owners. The experience LBW has gained in achieving their corporate governance responsibilities in these industry specialities will be invaluable to your enterprise too. They include:
- Direct sales businesses
- Commercial Real Estate
- Medical & Aged Care
- Property development
- Automotive aftermarket
- Manufacturing sector
- Wholesale & distribution
The Australian Auditing Standards (AAS) are applicable to all audits conducted under the Corporations Act as well as audits undertaken by members of Australian-based organisations such as sports groups, local schools and not-for-profit organisations. Organisations that confidently rely on LBW & Partners for advice on the unique auditing and governance responsibilities faced by not for profit entities include:
- Charities
- Community service organisations
- Companies limited by guarantee
- Public benevolent institutions
- Cultural organisations
- Resource development organisations
- Health organisation
- Educational organisations
- Deductible gift recipients
- Employment organisations
- Sporting organisations
- Religious organisations
- Income tax exempt funds
- Scientific organisations
By providing compliant and specialised auditing services to the not for profit (non-profit) sector, in addition to tax advice and tax accounting, LBW & Partners ensure that high profile charities, lesser known funds and philanthropic organisations are each kept aware of all 'auditor's opinion' terminology changes and modifications to the AAS relevant to the unique issues encountered by non-profit organisations, such as:
- Reporting to funding agencies
- Fund raising issues including internal controls, financial statement reporting and GST implications
- Fringe Benefits Tax rules and their impact on Rebatable employers
- State based payroll tax and stamp duty exemptions
- GST concessions
- Annual paperwork to comply with self assessment for income tax exemption
- Trust structures within non profit entities
- Allocation of overheads among various grants
- Advice in relation to Constitutions
- Advice to Boards and Committee on Governance
With an astute LBW auditing team contributing to your enterprise's strategies and aligning integrated plans in support of your enterprise's governance issues, you and your senior management can at last remain focused on the purpose of your activities, and fully realise the rewards that are your primary objective.
Preparation of statutory financial statements
Our audit team has the experience, expertise and tools to prepare your statutory financial statements in accordance with Australian Accounting Standards to meet statutory requirements such as Corporations Act or Associations Incorporation Act. We are able to prepare general purpose, special purpose or financial statements under reduced disclosure regime (RDR) for your organisation cost effectively.
If you would like to get a fee estimate from our audit team please email a copy of your organisation's most recent statutory financial statements to rupa@lbw.com.au or call our audit team on (+61 2) 9411 4866.
For a confidential discussion about expected auditing changes that may impact your operations and compliance with your statutory responsibilities, make contact to our LBW audit team via e-mail, phone (+61 2) 9411 4866 today or complete an on-line enquiry without delay to secure an obligation-free consultation with an LBW partner to review your auditing needs and give you the accounting and tax advice that only an AAS compliant accountancy practice is qualified to provide.
Real Estate Trust Account Audits
Under the Property Stock and Business Agents Act 2002, licensees' records in relation to the handling of trust money must be audited. Our team members have the relevant experience to perform your trust account audit in an efficient manner on a timely basis
LBW & Partners is a leading Sydney auditing, chartered accountancy, business consulting and financial planning firm providing company audits, corporate business strategy, personal accounting services and tax planning advice to professionals. LBW's CPA and chartered accounting services cover all aspects of your Australian business's taxation including capital gains, payroll tax plus tax effective asset management and company audits. Unlike most Sydney accounting firms, LBW also extends personal tax minimisation, wealth creation and self managed superannuation advice in addition to corporate and management accounting needs for businesses on Sydney's North Shore across New South Wales and Australia.
LBW & Partners, Sydney Australia
Personal chartered & business accounting services. Financial advisors & superannuation planning.
Ph: (+ 61 2) 9411 4866 Email: mail@lbw.com.au
Liability limited by a scheme approved under Professional Standards Legislation.