Audit & Taxation Audit Assistance
CMA can help you with all your audit requirements. There are many reasons why an individual, business or association may need to be audited. These include audits regulated by ASIC, government departments and licencing authorities.
- Self Managed Super Funds (SMSFs) are required to be audited annually
- Individual audits – The ATO periodically and at random checks the accuracy of the information given to them by selecting some tax returns, activity statements and other documents for checking
- Business audits – The ATO may request an audit that focuses on the examination of accounting records and supporting documentation to verify items in a tax return
- Professional entities that hold clients’ money on behalf of them in a trust account are usually required to have their trust accounts audited annually. These can include: incorporated associations, real estate agent trust accounts, financial services licensees, travel agents, foreign owned subsidiaries, private nursing homes, registered training offices and solicitor/lawyer trust accounts
You may also wish for your business to be audited to ensure your financials are all correct, up to date and compliant with Australian accounting standards.