An audit is more than a compliance requirement. It is an opportunity to strengthen confidence in your organisation's financial reporting, governance and decision-making.
Many organisations can meet their audit obligations. The greater challenge is having confidence that financial information is accurate, risks are being managed appropriately, and governance processes are operating effectively.
An independent audit provides valuable assurance to boards, management, members, funders and other stakeholders. It can also identify opportunities to strengthen internal controls, improve processes and enhance organisational oversight.
At LBW, we take a practical and collaborative approach to audit and assurance. We focus on delivering quality outcomes, clear communication and valuable insights, while minimising disruption to your operations.
Our goal is simple: to provide confidence in your reporting, governance and compliance frameworks, while adding value throughout the process.
What it involves
- Financial statement audits
- Compliance reviews
- Internal control and risk assessments
- Grant and funding acquittal audits
- Special purpose assurance engagements
- Assurance reporting
Meet Our Geelong Audit + Assurance Team
Frequently asked questions
An audit provides independent assurance that financial information has been prepared in accordance with the relevant reporting framework. It helps improve confidence in financial reporting and provides assurance to boards, regulators, members, investors and other stakeholders.
Audit requirements vary based on an organisation’s structure, size and regulatory obligations. Companies, incorporated associations, not-for-profit entities, trusts, self-managed superannuation funds and government-funded organisations may require an audit or other assurance services.
While audits are often required for compliance purposes, they can also deliver broader value. An audit can identify areas of risk, highlight opportunities for process improvement, strengthen internal controls and provide stakeholders with greater confidence in the organisation’s financial reporting and governance.
