Audit and Assurance
Audit and Assurance
Statutory audits for your assurance needs
Our audit experts are highly qualified and capable of providing comprehensive audits for corporate entities of all sizes. Our audit approach is designed to assure investors, regulators
Our 4-step approach in conducting financial
audits for clients
4 Easy Steps
Step 1: Planning and Engagement
Step 2: Internal Control Evaluation
Step 3: Testing and
Verification
Step 4: Reporting, and follow-up
why bD welsh?
Why BD Welsh?
Specialised knowledge
Cross-border expertise
Multilingual Support
Frequently Asked Questions
Faq’s
What is the purpose of an audit?
In short, an audit serves to lend credibility to an entity’s annual accounts and ensure a level of trust for third parties when making decisions.
What work is involved in an audit?
The entity being audited will be required to provide extensive information about the entity. This includes providing comprehensive documentation related to the activities of the entity. A certain amount of time will also need to be devoted to having meetings with the audit team.
What is contained in the auditor’s report?
An auditor’s report contains a professional opinion given by the auditor on the reliability of an entity’s annual accounts in accordance with Australian accounting standards. The report will therefore express whether the annual accounts provided represent a true and fair view of the financial situation of the entity.
Are all companies required to conduct an audit?
Not all companies are required to conduct an audit. Per the Australian corporate regulator, audits are a statutory requirement for companies that meet at least two of the three following criteria:
- Have an annual turnover of AUD$50 million or more.
- Have consolidated gross assets of AUD$25 million or more
- Employ 50 or more staff.
Companies not required to conduct an audit can apply for an audit exemption.
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Meet With Us Today
Email Us
Contact us
at info@bdwelsh.com
Call Us
Discuss your project with our team at +612 9413 3860
Visit Us
Find our main office at Level 6, Suite 602, 10 Help Street Chatswood, NSW 2067
5 Easy Steps
