We are one of Australia’s largest specialist audit practices, offering a full range of audit and assurance services. While we are large enough to cater for large-scale audits, Australian Audit continues to offer a personal service for all small and medium-sized organisations.
We cover all aspects of auditing, including Financial Statement, Self-Managed Super Funds and Trust Account audits.
Our experienced audit team can undertake independent financial statement audits for all proprietary companies, unlisted public companies and not-for-profit organisations.
Our Trust Account audit services are offered to those who hold trust funds on behalf of their clients. We also undertake audits of variable outgoings on behalf of property managers.
Together with our colleagues in the professional accounting field, we aim to provide a value added service with fast turnaround times.
Internal audit is an assurance service for businesses and encompasses a review and assessment of the efficiency and effectiveness of business processes and management control environment.
With increasing need for compliant special and general purpose financial statements, we provide a compilation engagement service for other accounting firms and businesses.
Our directors have well over 100 years of combined accounting experience and can assist your business with customised consulting engagements to meet your requirements.
We are pleased to announce that from 1 February 2023 Santo Casilli and Avant Edge Consulting formally merged with Australian Audit, bringing extensive experience in Internal Audit, Probity and Risk.
The government has released some very significant stimulus measures, which begs the question of how to correctly account for them?
While everyone has recently been concentrating on JobKeeper eligibility, one of the aspects that hasn’t had as much attention is how to account for JobKeeper in your financial statements.
Have you considered how to account for up front fees in schools under the new AASB 15 and AASB 1058?
Still confused about what disclosures should be included and which should be omitted from your financial reports? Unfortunately many people still take that view that over-disclosure is the best option.
Just in time, on 24 December 2018 the AASB released a new accounting standard to provide a temporary reprieve from the complexity of peppercorn lease accounting!
A new requirement for a consolidated trial balance if multiple trust accounting software is used
Updated guidance on trust account name best practice
Fees to be transferred to agent's general account at least weekly
Monthly bank reconciliation to be 'as at' close of business on the last day of the month
There are a number of organisations who regularly publish example financial reports …
The deadline for incorporated associations and clubs to update the rules to meet the Associations Incorporation Act 2015 (WA) requirements is 30 June 2019. Have you updated your rules yet?
Join Alastair for this recording of a webinar introducing the topic of cash flow statements
Join Alastair for this recording of a webinar introducing the topic of AASB 16 Lease accounting
Join Alastair for a summary of the revenue accounting standards AASB 15 and AASB 1058
Holders of QBCC contractor licenses must comply with the requirements of the QBCC MFR Regulations. These regulations are very prescriptive, and place a significant accounting and reporting burden on those licensees …
You may have heard mention that Special Purpose Financial Reporting will no longer be allowed, and organisations will have to move to General Purpose Financial Reporting …
The ability for ministers of religion to be paid exempt, non-reportable fringe benefits is a very generous concession within the Australian Taxation landscape. This article aims to clarify how exempt, non-reportable fringe benefits work, linking back to standard payroll concepts, which will then make it clear how such payments should be recorded for STP2 purposes.
If you are preparing financial statements to lodge with ASIC for any companies, then this presentation will give you all the guidance you require as to what are the current minimum requirements and what changes are on the horizon.
Confused, worried, scared about your real estate trust audit? Do you want to know the common errors that other agents make, or just a refresher on the requirements?
Do you know which accounting standards are mandatory? When was the last time you read ASIC RG85, FS70 & FS71?
This practical seminar, presented by Alastair Abbott, will take you through the most significant aspects of AASB16 Leases. For most not for profit entities, this new standard is applicable from 1 July 2019. It will impact the way that you currently account for leases, and will have a significant impact on the appearance of your financial reports.
You may have heard about the ‘death of special purpose reporting’? This will impact your AFSL annual financial statements …