Auditing and Assurance
TRUMANS BELIEVES that conducting an audit is not simply about meeting statutory requirements - important though that may be. We believe that an audit provides an opportunity to look at the larger picture - to assess the state of the business itself, how it is being managed, and how that management might be improved.
We look beyond compliance to providing advice to business owners in areas such as identifying opportunities for growth, improving efficiencies, cutting costs and increasing profitability.
The direct participation of at least one partner in every audit and the long-term involvement of our experienced staff ensure that Trumans offers a very high standard of service in this vital area.
In addition to statutory financial audits, Trumans carry out audits for smaller businesses, for a variety of reasons, including where:
the owners have employed managers to run the business
the owners have little day-to-day involvement in the business,
there are numerous shareholders and not all are involved in the day-to-day running of the business
a business is diverse and widely spread geographically
At Trumans we believe an audit, whether compulsory or voluntary, offers an opportunity to assess the efficiency of how a business is run and achieve a greater understanding of the business overall. It provides an opportunity for owners to receive advice on ways they could improve their business and increase profitability.
Other types of audit
In addition to a financial audit, a client business will benefit from, or could be required to conduct, specialist audits, including those for:
real estate, travel agent and solicitor trust accounts
self-managed superannuation funds
large superannuation funds
A systems-based audit
Our audits use a systems-based approach - that means we review and test the financial systems being used in the business to ensure that they are efficient and being operated correctly.
Every audit we carry out for clients is headed by a partner who is a registered company auditor. The partner is directly involved in the process. Partners are supported by a highly trained audit team. Low staff turnover at Trumans provides continuity of staff, who build up a sound knowledge of your business and industry. That also means we can meet audit timetables and deadlines with a minimum of disruption to your staff and business.
If you would like to discuss our audit services, please contact us or phone 02 9410 6999.