Independent and qualified advice is often what you’re after when you engage a registered auditor. You want someone that can understand your business, and not only conduct required the audit but also provide feedback on improving internal controls and risk mitigation.
Whether it’s a compulsory trust account audit or a voluntary assessment of your company’s financial standing and reporting, you want to know that you are dealing with a professional auditor with years of experience in financial investigation.
For all your SMSF auditing or business account analysis needs, DBS Accountants is here to help you every step of the way. Expedient, trustworthy and fully qualified, we’re happy to help you understand your business’s inner workings.
Trust account audit
If you are a Real Estate Agent of a Solicitor – you are likely to be operating a Client money’s trust account. These accounts are required to be audited or examined every year with the usual lodgement deadline of 30th September.
Solicitors also hold trust accounts for the benefit of their clients. Often, an external diagnosis of the state of these holdings can clear up issues before they occur – helping your business to run smoothly.
Small companies with foreign ownership may be required to have their financial statements audited and lodged with ASIC.
Whether you’re operating a charity, co-operative, association or company, we will be able to help meet your auditing requirements.
We work cooperatively with your accountant to allow smooth finalisation of an Audit, as well as providing timely suggestions for improving compliance with reporting rules.
Anybody running an SMSF realises just how much paperwork and administration is involved in keeping a fund on track to reach its investment goals. However, there is also a financial reporting burden, which involves compulsory SMSF auditing.
As an SMSF trustee, the Australian Taxation Office requires that you appoint an approved, independent SMSF auditor to review your fund’s financial documents. When you attempt to find an SMSF auditor they need to be:
Registered with the Australian Securities and Investment Commission – they will provide an SMSF auditor number
Independent – not a trustee/member of the fund, and cannot have a financial stake in the performance of the fund
It’s imperative that you appoint an independent auditor ahead of time, in order for the audit to be completed before the annual return due date.
A qualified auditor will not only examine your fund’s financial statements and provide a report on them, but they will also assess whether or not your fund has been operating within the bounds of superannuation law. Professional auditors will be able to identify any breaches and notify you so that you can rectify them as soon as possible.
No matter your reason for seeking independent auditing services, DBS Accountants are happy to help you with a thorough analysis of your financial performance and reporting. If you are in need of advice, our professionals are on hand to answer your questions – simply click here or call us on 02 9796 4500.