With a complex tax system, Australian businesses, not for profit organisations, individuals and families have enough on their plate than to have to worry about complex taxation law.
Our Audit division provides a comprehensive, reliable and efficient service when it comes to meeting compliance and regulatory requirements.
Our key services include:
- Not For Profit and Charities
- Legal Trust Accounting
- Self Managed Super Fund Audits
Not-for-Profit Organisations Audit
We work with Committees of not-for-profit organisations, whom have a duty of care to ensure they identify and address areas of potential weakness and specific risks that the organisation faces.
As specialists in Not-for-profit Auditing, FTA Accountants assists Committees in ensuring they satisfy strict compliance regulations and they operate effectively in mitigating serious risks.
Being governed by strict laws, not-for-profit organisations are generally required to be audited or reviewed by a professional accountant or auditor on an annual basis. Such audits require increasingly advanced and specialised technical skills; skill sets the FTA Accountants team bring to the table to assist our not-for-profit clients.
Trust Accounts Audit
Commercial Agents, Real Estate Agents and Auctioneers are examples of organisations that receive trust money that must establish and maintain a trust account that complies with the Property Agents and Motor Dealers Act 2000 (the Act) as well as the Property Agents & Motor Dealers Regulations 2001 (the Regulations).
As specialists in Trust Accounts Auditing, FTA Accountants works with organisations to ensure audits are completed as required each year, and lodged within 4 months after the end of the annual period. We understand the risks of non compliance, which could see licensees be disqualified from holding a licence and possibly prevented from renewing a licence, so we make sure that our work is completed on time and in accordance with the law.
Early detection and reporting of irregularities is a fundamental part of the legislation designed to protect the rights and entitlements of consumers and to educate licensees of their responsibilities. FTA Accountants specialises in assisting our clients in identifying processes and controls to adhere to these legislative requirements.
Self Managed Super Funds Audits (SMSF Audit)
Self-managed super funds must be audited annually by an approved auditor.
A SMSF audit is comprised of two components: the auditor conducting a financial audit and a compliance audit of the super fund.
Financial Audit: Enables your auditor to examine the financial statements of the fund.
Compliance Audit: Involves assessing your SMSF’s compliance with the superannuation rules.
FTA Accountants has been accredited as a SMSF Superannuation Fund Auditor under the new ASIC provisions and s128B of the SIS Act 1993. SMSF Auditor No. 100187504.