Dealing with a complex Australian regulation environment keeps businesses and not for profit organisations on their toes.
Our Audit division exists to make your life easier. We’ll provide you with 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 who have a duty of care in ensuring they identify and address areas of potential weakness, and specific risks that the organisation faces.
As specialists in not-for-profit auditing, FTA assists committees in ensuring they satisfy strict compliance regulations. We also help them to make sure they operate effectively in mitigating serious risks.
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, and FTA Accountants are well qualified and well placed to assist our not-for-profit clients.
Trust Accounts Audit
The Property Agents and Motor Dealers Act 2000 and the Property Agents & Motor Dealers Regulations 2001 apply to Commercial Agents, Real Estate Agents and Auctioneers. These professions are examples of organisations that receive trust money. This means that they must establish and maintain a regulatory compliant trust account.
FTA Accountants are specialists in Trust Accounts Auditing. We work with organisations to ensure their audits are completed as required each year, and lodged within four months of the end of the annual period.
At FTA, we understand the serious implications of non-compliance; which could see licensees disqualified and possible prevention of licence renewal. We won’t take risks with your compliance, and we’ll 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 legislation designed to protect the rights and entitlements of consumers – while educating licensees about their responsibilities. FTA Accountants specialises in assisting our clients in identifying processes and controls which will help them adhere to these legislative requirements.
Self Managed Super Funds Audits (SMSF Audit)
Self-managed super funds must be audited annually by an approved auditor.
An SMSF audit is comprised of two components: the auditor conducting a financial audit and a compliance audit of the super fund.
The Financial Audit: Enables your auditor to examine the financial statements of the fund.
The Compliance Audit: Involves assessing your SMSF’s compliance with the superannuation rules.
FTA Accountants is an accredited SMSF Superannuation Fund Auditor under the new ASIC provisions and s128B of the SIS Act 1993. SMSF Auditor No. 100187504.