audit & assurance
The audit and assurance advice provided by our member firms helps clients to understand the impact of business and operational risks on financial reporting, meet legislative requirements and implement a disciplined approach to risk management and governance processes.
Personal involvement by the engagement partner and review partner are a feature of the service available, and a client can rest assured that they will have at least three (3) points of contact.
How it works
Our member’s focus is to understand your business and the risks you face before developing an independent audit and assurance framework tailored to your needs. This goes beyond standard compliance reviews to look for areas for improvement in your business’ financial reporting controls, processes and corporate governance practices.
Within the WWA association, there is experience in the audit of all types of organisations and business structures, including ASX and NSX listed companies, unlisted public companies, subsidiaries of foreign organisations, and large privately owned businesses. Member firms also audit not-for-profit organisations such as charities, foundations, professional associations, and registered clubs.
As a measure of the strength of the WWA audit methodology, some of our member firms are registered with the Public Company Accounting Oversight Board (PCAOB). As such, in accordance with the requirements of this registration, the methodology is designed to ensure that our audit is conducted in accordance with the Sarbanes Oxley Act as well as international auditing standards issued by the IAASB.
Regular reviews of audit processes are undertaken to ensure best practice, while providing the most cost effective procedures. This includes the use of the latest computer assisted audit software.
A range of audit and assurance services are offered within our member firms such as:
- External audit
- Internal audit
- Risk profiling and management
- Due diligence
- Special reviews
- Fraud prevention
- AIFRS advice
- Internal control advice