An external audit functions as an intensive business health check. But expert auditors know the purpose of an external audit extends further than this.
An external audit examines the financial statements and data of an entity in order to see how it stands up to the laws, regulations, and stipulations of local, national, and international authorities and standards
An external audit may be required for your business to continue its operations successfully. But the importance of an external audit is that it can also improve your business. Independent, comprehensive, transparent, responsible - Calibre's external audit's review the financial aspects of your company, identify risks, detect fraud or potential compliance mismanagement, and so set up your business for the future. We allow all parties within a business, from shareholders and owners to management, to come to a better understanding of how soundly the business is operating.
The external audit in Australia may counter some cherished opinions you and other senior executives may have about your own business. But the value of such a procedure should not be underestimated.
The purpose of an external audit is to show you how your business is performing not against the backdrop of your own assumptions, but against statutory standards. An external audit is therefore a magnifying glass which exposes how your business is honestly performing, and so allows expert auditors to outline future pathways.
"Our business first engaged the services of Roger Wong from Calibre Partners in the 2016, to conduct the Annual Audit of our Australian Financial Services License (AFSL). We have now undertaken the annual AFSL Audit for the past two years with Calibre Partners, and we have found that Roger and Denius have conducted a very methodical and efficient audit of our financial statements and compliance measures and processes. It is evident that that the team at Calibre Partners seek to not only provide a standard audit service, but rather look to complement their offering with proactive recommendations." Future Assist Financial Services Group
An external auditor’s independence, dogged commitment to financial analyses, and honesty in reporting will directly impact the quality of an external audit in Australia.
“What I have learned from 20 years of auditing is that external auditors need to have a particular character, not just a skill-set. I have to pursue every avenue and assess every detail to deliver accurate financial reports. An external audit can be all-consuming, pedantic, complex, and lengthy – and this is where I excel. I am energised by pouring through a business’ finances with a fine toothed comb in order to help prevent tax audits or identify minute financial details. A scrupulous commitment to compliance standards is a must. In addition, the best auditors have a strong vein of honesty and clarity, which is the basis of our reporting.”Roger Wong – ASIC registered auditor, Calibre Partners
Roger Wong, a registered company auditor at ASIC, has spent 20 years developing a reputation of objectivity and integrity. He provides accurate audit and assurance services, and has the financial acumen and agility to provide the most comprehensive set of compliance scenarios during external audits.
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