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Ashfords Audit and Assurance team provides high quality and independent audit services tailored to your organisation’s needs. Our expert assessment and analysis of your organisation's processes, procedures and compliance may uncover value in places you may never have considered.
“Mazenod College Mulgrave has been a client of Ashfords Audit and Assurance and Andrew White for 18 years. During this long association we have found the Ashfords Audit level of service outstanding. Andrew White and his audit team are very professional in their approach to our audits, with clear communicated timelines and expectations. Mazenod College has no hesitation in recommending the audit services of Ashfords to prospective clients.”
Finance Manager, Mazenod College
“With Ashfords, it’s having a partner like Ryan who’s hands-on. We see him, we talk to him. Often with other firms I’ve dealt with there’s a change of staff quite regularly and you’re never quite sure who you’re getting from audit to audit. What we’re seeing at Ashfords is that we’re seeing the same people who then get to know your business then it’s much less hassle from our point of view to have them in the office and we can basically set and forget with them.”
Business Manager, Cornish College
“Ryan has been very easy to work with and the firm’s services have met our needs as required. The team are very professional and flexible in their approach. The audit process is always straightforward and painless. Our experience with the team has been very positive.”
Business Manager, Huntingtower School
We engaged Ashfords as our auditor for 2020 financial year. It has been a breath of fresh air. Their approach was personable and efficient. The audit process was thorough and well planned. The Finance Committee was impressed by the audit presentation as well. The audit team displayed a very high quality standard and we look forward to continuing our partnership with Ashfords.
Director of Business Operations, Sacred Heart Girls' College
Our team of experienced audit professionals have the skill sets to identify and address areas of risk, to enhance the creditability of financial statements. Our proven methodology enables us to work closely with clients to meet their statutory obligations.
Beyond forming an opinion based on information contained in financial statements, Ashfords add further value by identifying inefficient controls or processes. Being independent allows us to directly correspond with management in order to best understand the rationale behind certain decisions impacting relevant financial statements.
Agreed-upon procedures refer to a standard that a business entity or client outlines when it hires an external third party to perform an audit on a specific financial test or operational process.
A significant, yet under-utilised, element of agreed-upon procedures relates to the use of data mining techniques on financial information as a means of ensuring adherence to internal controls and policies.
Data mining is the process of discovering patterns in data. Ashfords is able to review a business’ underlying financial system in order to spot insightful data trends and patterns.
Fraud detection is another growing use case in data mining. Various techniques and tools can be deployed in order to assist with the identification of suspicious transactions, unusual relationships, and irregular trends
Financial due diligence refers to a business process designed to identify potential issues, risks or weaknesses within a business prior to entering into a formal sale and purchase agreement.
The scope of each financial due diligence’s is highly contextual. When Ashfords undertakes financial due diligence for a client, it generally involves reviewing things like historical and current financial information, working capital requirements, forecasted financial results, employee entitlement provisions, and tax implications – just to name some.
Most often, our team performs financial due diligence for business owners who are considering an acquisition or planning to sell. We have experience with financial due diligence in other areas, also. These include when a client wishes to assess the merits of disposing of (what they believe to be) an underperforming business division.
If you run a self-managed superannuation fund (SMSF), you must appoint an auditor and ensure your SMSF is audited annually by an ASIC-approved auditor.
Ashfords has a dedicated team of independent SMSF auditors who perform SMSF audits in accordance with Australian Accounting Standards and the Superannuation Industry Supervision Act (1993).
Our internally developed process ensure audits are completed in both an effective and efficient manner.
In addition to statutory audit requirements, we provide the following audit and assurance services: