Incorporating Real Estate Businesses, Accountants, Solicitors, Retail turnover reviews, Grant Acquittals, Forensic investigations, compliance reviews and the like. Assurance audits and reviews have their base in legislation in the main and are designed to provide confidence and reasonable certainty to the user of those reports.
SAAS Audit undertake a range of audits and reviews which provide a level of assurance to the regulator that the licensee or person responsible have complied with the appropriate legislation.
In respect to real estate businesses, accountants and solicitors these assurances relate to the management of monies held in trust.
In respect to forensic investigations the assurance is given to the client about the correctness and completion of information in order to form an opinion. Specific to this area SAAS Audit currently has experience in the assessment of business losses in respect to property insurance claims. SAAS Audit works with insurance companies, loss adjustors and brokers in relation to these matters.
SAAS can also assist in litigation disputes and valuation assessment if required.
Compliance reviews effect a wide range of areas including financial services licencing, not for profit entities such as associations and companies limited by guarantee and grant acquittals.
The key differences between Audit and Review relate to extent of control and substantive testing and the limitation on audit opinion provided.
The Australian Standards Review Engagements are specific standards covering this type of work, examples include ASRE 2000 (Financial Report where the reviewer is not the auditor), ASRE 2400 (compliance reviews) ASRE 2405 Historical Information (Forensic), ASRE 2410 (Financial Report by appointed auditor- Associations); ASRE 2415 (Companies Limited by Guarantee).
The nature of the reports is often determined by nature of the work and the applicable legislation. Reporting is often pre formatted and based on compliance requirements.
SAAS Audit can help you and your clients with your assurance audit and review requirements. Contact us today for more information about the Assurance Audit & Review services that we provide.