Our Audit Approach
Present your financials with confidence
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Rest assured, Hall Chadwick audit methodology will thoroughly validate your financial statements. Our auditors also prioritise operational enhancement. We ensure that audit process aligns with and supports your business objectives.
Dedicated audit team
You can expect to work with an experienced, independent accredited auditor who will analyse your financial reports to validate they are a true, fair and accurate representation of your operations.
Their approach focuses on:
- Ensure all risks are mitigated
- Assess controls
- Challenge existing accounting practices.
Our people are often industry specialists with acute business acumen, which means you’ll get insightful feedback beyond standard accounting issues.
Your audit engagement partner
Your audit service team will be led by one person: your audit engagement partner. This experienced partner will have a hands-on role throughout the audit process and will:
- Serve as your point of contact at Hall Chadwick through the entire engagement
- Ensure the timely and efficient execution of your audit
- Be responsible for the team and ensure compliance to AUASB standards and regulatory deadlines.
Related Insights
Meet your growth ambitions with our help
Hall Chadwick auditors use a proven audit approach that goes beyond regulatory and compliance obligations. Our in-depth knowledge of Australian and international standards means we know how to identify gaps to avoid potential compliance risks.
Hall Chadwick Audit Approach
Our tried and tested five-step audit process focuses on accountability, communication and the clever use of technology.
1
Plan
We meet to plan a clear strategy with realistic expectations. This may be in person or via secure online communication channels. Information needs are mapped, and we develop a complete (yet flexible) audit timeline.
2
Identify & assess risk
While factoring in previous audits, emerging trends and regulations, our team will identify and assess financial reporting risks. This assessment helps us develop an efficient, focused audit program and any issues can be addressed early.
3
Internal controls
Our team will review controls while finding practical suggestions to make lasting improvements.
4
Test accounts & transactions
Industry leading tools and technology are used to give a detailed insight into the quality of your core financial processes. This may include essential tests over key areas and ‘deep dives’ when appropriate.
5
Conclude & report
Whether it be an audit or a review, our audit team will provide comprehensive insight and appraisal of the complete financial status and an assessment of the financial position and future.
Confidently make your next move
Decades of proven experience demonstrates how Hall Chadwick can bring together all the pieces of the puzzle.
Typical services we provide
To give you an idea of the type of work we do, we’ve listed our most common services.
- Australian Financial Services Licence audit
- Agreed upon procedures engagements
- Compliance audits
- Due diligence
- External audits
- Internal audits
- PCAOB audits for our American businesses
- Financial reporting advisory
- Government grant advice and acquittal audits
- Risk evaluation and management
- Process improvements
- Risk management
- Trust account audits
- Financial statement preparation
- IT audits
- Forensic audits
- Tax audits