Associations and Not-for Profit
Compass Group provides audit, review and agreed upon procedures services to a large number of community based not-for-profit associations, including community service clubs, sporting clubs, churches and charities. Our customised audit, review and agreed procedures programs can help you to meet the reporting requirements of your association.
In addition to financial statement audits, we can also provide the following services:
- Grant audits
- Internal audit
- Internal control evaluation and implementation
- Assistance with year-end journals, financial statements and notes
- Costomised spreasheet development (e.g. project evaluations, management reports and leave calculations)
- Training in financial report interpretation
Companies & Financial Service License Holders
Compass Group has registered company auditors. We provide statutory audit and review services in accordance with the requirements of the Corporations Act 2001, banks, shareholders or other interested parties. Our audit approach identifies key areas of risk and directs audit activity to those areas, resulting in high quality yet cost effective solution for your business. We can also perform in-depth analysis of specific areas at your request.
Self-Managed Superannuation Funds
Compass Group audits a large number of self-managed superannuation funds. We can provide your superannuation fund with a quality, cost effective audit service that adds value and reduces the risk of non-compliance with legislated requirements.
Holders of trust accounts must have the accounts and records audited annually. The audit process is seen as being extremely important, and penalties apply to holders of trust accounts who fail to have their trust account audited.
Compass Group is experienced in the audit of trust accounts held by real estate agents, conveyancers, solicitors, accountants and other professionals.
We take the stress out of the audit process by clearly communicating our audit requirements in advance, including what documentation and other evidence we need to see, and working with you to achieve lodgement deadlines.
We also provide assistance to non-audit clients to improve their record keeping systems or to prepare for an audit by another auditor.