Auditing services in South East Queensland
Independent external audits in Queensland
At the core of our auditing practice is a commitment to empowering businesses through transparent, accurate, and reliable financial insights. Our meticulous auditing and advisory services are designed to uphold the highest standards of integrity while fostering strong, trust-based relationships with our clients.
As independent auditors based in Queensland, we provide auditing services in Brisbane and across South East Queensland for companies, not-for-profits, and other organisations that need credible, high-quality audited financial statements. Whether you are required to be audited by law, by a lender, or by the conditions of a grant, our team delivers a clear and professional audit experience from start to finish.
A risk-based approach
We adopt a risk-based audit methodology, allowing us to concentrate our efforts on areas of higher risk. This targeted approach enhances the effectiveness and efficiency of our audits, delivering not only compliance assurance but also genuine value for money.
Through our external audit services, we aim to contribute meaningfully to the long-term success of our clients and the communities we serve.
What an external audit gives your organisation
An external audit is more than a compliance requirement. It is an independent examination of your financial statements that gives owners, boards, lenders, regulators, and other stakeholders confidence that the figures you report are reliable. A well-run audit can also reveal weaknesses in your processes, highlight opportunities to improve, and strengthen your reputation with the people who rely on your financial information.
Our approach is built around three principles:
Independence and objectivity
We form our opinion without bias, so that stakeholders can trust the outcome.
Focus on what matters
We direct our time to the areas most likely to contain errors or misstatements, rather than applying the same procedures everywhere.
Practical insight
Alongside our audit opinion, we share observations that help you improve the way your organisation operates.
Audit services in Queensland for a range of organisations
We provide audit services in Queensland to organisations of different sizes and structures. Our clients include private and family-owned companies, not-for-profits and charities, associations and clubs, and other entities that need independent assurance over their financial reporting.
Every organisation is different, so we take the time to understand your business, your industry, and the expectations of your stakeholders before we start. This means your audit is planned around your circumstances, with a clear timetable and no unnecessary disruption to your team.
If you are not sure that a full audit is the right fit, we can also discuss lighter-touch options. Our assurance services include limited assurance reviews, compliance audits, and agreed-upon procedures, so you can choose the level of assurance that suits your purpose and budget.
Our audit process
We follow a structured and transparent process so you always know what to expect and when.
Planning meetings
We begin with internal planning and a meeting with your team to understand your business, your reporting needs, and any changes since the last period.
Risk assessment
We assess the risks that could affect your financial statements, considering your industry, systems, and the environment you operate in.
Set strategy
Based on that assessment, we decide where to focus our effort and how best to obtain the evidence we need.
Produce the audit plan
We prepare a detailed plan covering the procedures, timing, and resources required.
Analytical procedures and substantive testing
We perform analytical procedures and test transactions, balances, and disclosures, and carry out additional procedures where required.
Revisit and update the plan
If we identify new risks or issues during fieldwork, we update our plan so that the audit stays focused and effective.
Reporting
We report our findings to management and those charged with governance, including our opinion and any recommendations.
Throughout the process, we keep communication open, so there are no surprises when it is time to finalise the report.
Strengthening controls and managing risk
A good audit often shows where processes could work better. When we identify gaps, we can help you act on them. Our internal controls testing helps you check that your financial and operational controls are designed well and operating as intended, which can also make future audits smoother.
If your findings point to broader exposures, such as operational, compliance, or strategic risks, our risk consulting team can help you assess these risks and put practical measures in place. This joined-up approach means the insights from your audit lead to real improvements, not just a report on a shelf.
Why choose Assurance and Audit?
- Independent and professional. As independent auditors, our opinion is objective, and you and your stakeholders can rely on it.
- Risk-focused and efficient. Our methodology puts effort where it counts, giving you value for money.
- Clear communication. We keep you informed at every stage, from planning through to final reporting.
- Local knowledge. We understand the Queensland business and regulatory environment and work with clients across Brisbane and South East Queensland.
- A complete service. From audit to assurance, controls testing, and risk consulting, you can access what you need from one trusted team.
Talk to our audit team
If you need external audit services or want to explore the right level of assurance for your organisation, we would be glad to help. Get in touch for an initial conversation about your requirements, and we will recommend the most suitable and cost-effective approach.
Book a Consultation Call 0408 644 791
External Auditing
At the core of our auditing practice is a commitment to empowering businesses through transparent, accurate, and reliable financial insights. Our meticulous auditing and advisory services are designed to uphold the highest standards of integrity while fostering strong, trust-based relationships with our clients.
We adopt a risk-based audit methodology, allowing us to concentrate our efforts on areas of higher risk. This targeted approach enhances the effectiveness and efficiency of our audits, delivering not only compliance assurance but also genuine value for money.
Through our external audit services, we aim to contribute meaningfully to the long-term success of our clients and the communities we serve.
INTERNAL WITH CLIENT
RISK ASSESSMENT
SET STRATEGY
PRODUCE AUDIT PLAN
Perform analytical procedures
PERFORM SUBSTANSIVE TESTING
Perform aditional procedures as required
REVISIT & UPDATE AUDIT PLAN AS NEEDED
REPORTING TO MANAGEMENT & TCWG
Contact Assurance and Audit
Please use this form to submit your general inquiries. Our team will get back to you as soon as possible.
Frequently Asked Questions
External auditing is an independent examination of an organisation’s financial statements by a qualified auditor who is not part of the organisation. The objective is to provide an independent opinion on whether the financial statements present a true and fair view of the organisation’s financial position and performance.
External audits provide independent validation of your financial statements, which enhances credibility with investors, lenders, regulators, and other stakeholders. They also help identify risks, control weaknesses, and areas for operational improvement, delivering genuine value beyond simple compliance.
A risk-based audit methodology focuses audit efforts on the areas of highest risk within your organisation. Rather than applying uniform procedures across all areas, this approach allows us to concentrate detailed testing where errors or misstatements are most likely to occur improving both the effectiveness and efficiency of the audit process.
Our audit process follows a structured methodology: we begin with planning meetings and a thorough risk assessment, then set the audit strategy and produce a detailed audit plan. We perform substantive testing and analytical procedures, revisit and update the plan as needed, and conclude with comprehensive reporting to management and those charged with governance.
The duration varies depending on the size and complexity of your organisation, the quality of your financial records, and the availability of your staff. For most small to medium-sized businesses, an audit typically takes several weeks from fieldwork commencement to the issuance of the final report. We will provide a clear timeline at the planning stage.
To prepare for an external audit, you will typically need to provide financial statements, general ledgers, bank statements, contracts, board minutes, tax returns, and documentation supporting key accounting judgements and estimates. Our team will provide you with a detailed client preparation list prior to commencing fieldwork.
In Australia, certain organisations are legally required to have their financial statements audited — including public companies, large proprietary companies, registered managed investment schemes, and not-for-profit organisations above certain thresholds. Others may also require audits under grant conditions, lender requirements, or stakeholder agreements.
External auditing is conducted by an independent third party and results in a formal opinion on financial statements for use by external stakeholders. Internal auditing is a function focused on evaluating internal controls, risk management, and governance processes — primarily for the benefit of management and the board.