Our Audit Approach
Present your financials with confidence
You can feel confident the Hall Chadwick audit approach will tick all the right boxes when it comes to validating your financials.
But our auditors look beyond compliance too. Understanding how the audit will support your operational outcomes is critical to our approach.
Our audit team will:
- ensure all risks are mitigated
- assess controls
- challenge existing accounting practices.
Audit delivery is supported by a high-level project plan with a complete timeline and work plan. You will receive thorough, compliant audit reports.
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.
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.
In detailing our findings, we aim to give your management and board the highest level of confidence in your organisation.