our staff are back working in the office. however, COVID-19 may impact how we deliver your audit this year.

Click here for further details.

 

A NEW ERA FOR AUSTRALIAN AUDIT

Having recently merged Audit Plus with Australian Audit, the new Australian Audit is now 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 Services

 

financial statement AUDIT

Our experienced audit team can undertake independent financial statement audits for all proprietary companies, unlisted public companies and not-for-profit organisations.

SELF-MANAGED SUPER FUND AUDIT

Together with our colleagues in the professional accounting field, we aim to provide a value added service with fast turnaround times.

TRUST ACCOUNT AUDIT

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.

NEWS HIGHLIGHTS

Featured
Accounting for Government Stimulus
Accounting for Government Stimulus

The government has released some very significant stimulus measures, which begs the question of how to correctly account for them?

Accounting for JobKeeper
Accounting for JobKeeper

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.

Accounting for upfront fees in schools
Accounting for upfront fees in schools

Have you considered how to account for up front fees in schools under the new AASB 15 and AASB 1058?

When Less is More: Financial statement Disclosures
When Less is More: Financial statement Disclosures

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.

NFP Peppercorn Lease accounting (Take 2)
NFP Peppercorn Lease accounting (Take 2)

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!

It is finally here ... The updated Trust Account Handbook
It is finally here ... The updated Trust Account Handbook

  • 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

Example Financial Reports
Example Financial Reports

There are a number of organisations who regularly publish example financial reports …

Time running out to update association constitution
Time running out to update association constitution

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?

The New Leases Standard
The New Leases Standard

One of the triple threat! Have you worked through how this will impact you?

Revenue from Contracts with Customers
Revenue from Contracts with Customers

Think it doesn’t effect you? … think again!

Resources

Featured
Financial reporting for ASIC: tips, traps and pitfalls

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.

REBA Trust Accounting - how to get it right

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?

Financial Reporting for your AFSL

Do you know which accounting standards are mandatory? When was the last time you read ASIC RG85, FS70 & FS71?

New Accounting Standards for Not for Profits: Leases

Do you know which ‘operating leases’ to bring onto your balance sheet …

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.

How to Prepare Compliant Financial Reports

A refresher for accountants and financial statement preparers

This practical seminar, presented by Bob Campbell, will take you through which financial reporting requirements are applicable to which entities. With recent changes in the Associations Act, misunderstandings of …

How to pass your Settlement Agent Trust Audit

Confused, worried, scared about your trust audit? Do you want to know the common errors that other agents make?

Single Touch Payroll

Single Touch Payroll has been described as the biggest change to our tax system since the introduction of GST in the year 2000.

This practical seminar, presented by GeersSullivan CPA, will walk you through the changes to how you interact with the ATO under Single Touch Payroll and how to leverage technology to make this process quick and easy, giving you more time to spend on more important things.

New Accounting Standards for Not for Profits: The Revenue Standards

The most significant accounting change that no one is talking about …

This practical seminar, presented by Bob Campbell, will take you through the most significant aspects of AASB15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities. For most not for profit entities, these new standards are applicable from 1 July 2019. They will impact the way that you currently record your income.

Financial Reporting Requirements Applicable to Charities

If you are unsure of what requirements may apply to your charity financial reporting, then this guide may be of use to you.

Financial Management of Not for Profits

Especially for members of the board or management committee ... how do you read financial statements, how do you make sense of what they mean, and more ...