Audit Services

Auditing Standards now have the force of law being recognised in statue. An Audit provides an independent opinion on the financial position and performance of an entity to shareholders and external stakeholders who are generally at arm’s length and not in a position of making an informed judgment. Reliance is placed on the professionalism and integrity of the authorised auditor.

Auditors also add value and assurance to the quality and disclosure requirements of the financial statements for users of your information.  Key components of an external audit include communication with the board and management, the identification of and focus on key audit risks, resolution of audit findings with management and audit committees, defined audit plans within agreed time frames, and constructive management reporting.

We utilise state of the art audit and analytical software capable of producing current compliant financial statutory reporting.

Our client base covers a range of Pty Ltd entities, companies limited by guarantee, and we are currently expanding our audit focus to listed entities.

A primary direction for this firm is the provision of audit services to accountants in public practice and those organisations undertaking financial planning and advisory services in the area of superannuation accounting and planning. Audit Independence is critical to the integrity of accounting and advice services and our goal in building relationships with accountants in public practice to provide these services, appears most welcome across the profession.

Having a sound knowledge of government processes, GPS Business Services have been able to provide contract audit services over an extensive period to both State and Local Government.

Our Trust Fund audit work extends to real estate, property management, travel agencies, solicitors offices and accounting practitioners who utilise trust funds in managing their operations. The administration of Trust Funds is controlled by either state or federal legislation.

Our client base includes life and general insurance brokers, investment management entities, and a small number of registered investment schemes and pooled development funds. We have also provided audit services to the franchising industry and to meet builders' licensing requirements.

We have been involved in auditing entities such as church and parish activities, community assistance based organisations, schools and colleges. Additional assistance to these entities includes system evaluation, financial statement preparation for both statutory and non-statutory reporting and accounting advice where required. 

We have on our books a number of licenced clubs and associations who in the main are incorporated under state legislation and subject to an annual audit

Our experience lends itself to the provision of services to evaluate the effectiveness and appropriateness of internal control and overall system's effectiveness. We provide specialised internal audit services on an as required basis.   

GPS Business Services has available expertise in specialised services in conducting a broad range of IT audits including project reviews. In larger audits we undertake a review of the data management systems using these specialised services.