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AUDITING

Propel’s Auditing services are designed to help ensure the reliability of information prepared by clients for use by investors, creditors and other stakeholders in accordance with statutory requirements. Our Auditing department assists with a range of compliance obligations by conducting independent audits and reviews of financial information and data. We can assist with complex financial reporting, systems and accounting challenges, and accounting support or due diligence and tax assignments. Offering independent, objective assurance and support on financial information, transactions and processes, we are professional and comprehensive. With the Australia-wide momentum for better business reporting growing, we examine current developments and benefits for business and endeavour to implement them for our clients.

In the market place, credible financial statement audits reinforce investor confidence. Within organisations, they add to Board and Management understanding of the business and the risks it faces. Our skilled and experienced audit professionals work with clients and relevant external parties to understand the changing business environment. We adopt an audit approach that is based on a proven methodology and reinforced with a commitment to professional integrity, independence and ethical behaviour.

Many organisations are obliged to obtain independent verification of financial and other information reported to regulators. Others voluntarily seek independent verification to avoid factual errors and the risk of non-compliance. Regulatory audits include, but are not limited to:

  • Australian Prudential Regulation Authority (APRA) assurance engagements in respect of compliance with prudential requirements.
  • Australian Securities and Investment Commission (ASIC) assurance engagements in respect of the adequacy of compliance plans for registered managed investment schemes.
  • Provision of assurance in respect of the Australian Financial Services Legislation audit requirements, as well as supporting companies to comply with the specific financial requirements relating to their licence.
  • Superannuation trustees and administrators rely on regulatory compliance audits and reviews to satisfy their complex compliance obligations required by APRA’s prudential requirements and ASIC (by way of the Superannuation Industry (Supervision) Act).

We equip our audit teams with advanced technology to provide a structured, risk-focused workflow. At Propel, we focus on clients’ key business risks and support the audit process with extensive experience of applying and interpreting accounting standards. We identify industry trends, issues and insights that may influence the accuracy and completeness of financial statements. Offering high-level technical capabilities and encouraging a client-focused culture with access to respected audit professionals, Propel’s advice is clear, concise and relevant.


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