Financial Statement Audits

In Australia, ‘quality’ in audit services and financial statements is a major focus of both regulators and the professional accounting bodies, particularly in recent years. The purpose of the emphasis on quality is simple; to ensure audit engagements are conducted by auditors to the highest standards.

Stakeholders of organisations require financial statements that they can rely on, ensuring they are true and fair and free from material misstatement.

Furthermore, due to increased focus on corporate governance requirements, organisations are accountable to their stakeholders for ensuring that the preparation of financial statements is in compliance with accounting standards and other regulations.

Oak Audit & Assurance maintains the highest quality standards at all levels of financial statement audit services. Whether the audit engagement is:

  • a statutory audit required under the Corporations Act 2001
  • the audit of a not-for-profit charity under the Australian Charities and Not-for-profits Commission Act 2012
  • a small club audit under the Associations Incorporation Reform Act 2012
  • an audit as a constitutional requirement of the organisation

Oak Audit & Assurance can guarantee that your financial statements will be thoroughly and professionally audited by our experienced team, giving your stakeholders absolute peace of mind.

Oak Audit & Assurance maintains the belief that every audit engagement should be as efficient and smooth as possible, without compromising quality standards. After developing an understanding of your business and applying a risk based approach, we apply our own systems and processes to the engagement – which have been developed to specifically address the common miscommunications that occur between auditors and finance teams. This aims to increase efficiency and workflow, which in turn enables us to be competitively priced to conduct the audit of your financial statements, while maintaining the highest integrity and quality.

Below we have further outlined sectors where we conduct the audit of the financial statements: