Grubers Beckett Audit Professionals undertake individually structured, cost-effective audits which bring additional benefits to your business.
Our specialist audit team have had both national and international experience in senior positions in the larger accountancy practices. Members of the team have worked in Australia, the United Kingdom, New Zealand and Asia on multinational public listed companies, private companies, co-operatives, licensed clubs, superannuation funds, trust entities and other audit assignments.
In planning our audit assignment, we take great care to gain an intimate understanding of the operation of your business, the industry and the environment in which it operates. Based on this understanding, we assess controls and the risks of material misstatement of the financial reports, including those caused by fraud. We then design and perform our audit procedures to address those risks as they specifically relate to your business.?
Our audit involves the examination of the financial reports and underlying records and documentation of an organisation for the purpose of enabling the auditor to express an opinion on the financial reports and in accordance with Australian Auditing standards to provide reasonable assurance as to whether the financial report is free of material misstatement.
In reaching our opinion it is necessary for us to obtain reasonable assurance that the reports conform with the relevant legislation and are prepared in accordance with generally accepted accounting principles. Our procedures will include examination on a test basis of evidence supporting the amounts and other disclosures in the financial report, and the evaluation of accounting policies and effectiveness of the internal control system. IIn then conducting the audit we use techniques such as inspection, observation, enquiry and confirmation, all aimed at obtaining sufficient evidence to afford a reasonable basis for the opinion.
The above procedures are undertaken to enable us to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with Accounting Standards and other mandatory professional reporting requirements so as to present a view, which is consistent with our understanding of the organisation's financial position, the results of its operations and its cash flows.
The work undertaken by us to form an opinion is permeated by judgement, in particular regarding the nature, timing and extent of the audit procedures for gathering of audit evidence and the drawing of conclusions based on the audit evidence gathered. In addition, there are inherent limitations of any internal control structure, the possibility to commit fraud, and the fact that most audit evidence is persuasive rather than conclusive. As a result, our audit can only provide reasonable but not absolute assurance that the financial report is free of material misstatement.
In addition to the audit we use our detailed knowledge of your business, gained through our audit work, to enable us to report to you, in the form of a management letter, on the effectiveness and efficiency of your accounting and management systems, making suggestions, if appropriate, on possible ways these systems may be improved.
The audit team, comprising of partners and managers who are directly and actively involved in the carrying out of the audit assignment, also has a good working knowledge of the tax system. This knowledge of the tax system allows them to appreciate any tax problem or tax planning opportunities that may arise during the audit.
Audit Experience
Grubers Beckett Audit Division staff members have been involved in the audits of large multinational listed public companies, private companies, cooperatives and other organisations. A sample of the audits undertaken by Grubers Beckett Audit Division include the following:-
Public Listed Companies
- C.S.R. Limited
- Monsanto Limited
- GMAC Ltd
- Broken Hill Holdings Ltd
- Peko Wallsend Ltd
- Pyneboard Limited
- Amatil Limited
- Plessey Ducon Limited
- Thomas Cook
- Amoco Oil
- Tooheys Limited
- Moccomat Limited
- W C Canning PLC
- Metal Closures PLC
Large Private Companies
- P & M Smallgoods Pty Limited
- Reko Pty Limited
- BP Solarex Pty Limited
- Hymix Group
- Eurocar Mazda
Special Assignments
- Solicitors, Real Estate Trust Accounts
- Superannuation and Allocated Pension Funds
- Local Government Audits
- Aboriginal Co-ordinating Council
- Internal Auditor
- Investigating Accountants Reports
- Midwest Limited
- Due diligence for company acquisitions
- Public Company Share Register
- Property Settlements
- Lloyds of London
Co-Operatives
- Boomali Aboriginal Artist Co Ltd
- Northern Gulf Res Management Inc
- Mareeba Bowls Club Inc
- Manildra Group
- Astra Hire Cars Trading Co-operative
Other
- Diocese of Lichfield
- Chatswood Golf Club
- Wolverhampton Race Course
- N.S.W. Squash Ltd
- Helena Rubenstein Superannuation Fund
- Bennelong Haven
- Methodist Missionary Society
- Catholic Building & Finance Commission
- Stafford Railway Building Society
- Fogolar Furlan Sydney Limited
- Italian Social/Sporting Club
- Sylvania Marina
- Royal Flying Doctors Service
- Legacy
In planning our audit assignments we endeavour to match the needs of the assignment with personnel with the relevant audit experience. This causes minimal disruption to clients and staff as the audit personnel have a good working knowledge of the industry prior to the commencement of the audit.
If you would like further information, or if you wish to speak with an audit professional about your audit requirements, please contact you nearest Grubers Beckett branch.
To request a copy of our Audit Division Profile, click here.
