Audit & Independent Review
Confidence in every financial detail.
Clear, objective assurance that helps you meet reporting requirements, strengthen financial controls and make informed business decisions.
Independent insight
Objective review and reporting
Compliance focused
Aligned to applicable requirements
Clear communication
Findings explained in plain language
Practical support
Actionable steps beyond the report
Meaningful assurance
More than a compliance exercise.
A well-managed review supports sound governance, reliable reporting and better business decisions.
We first establish the engagement and reporting requirement, then tailor the work to your entity, records and risk profile.
01
Reliable financial information
Assess whether the financial information is credible, consistent and supported by appropriate records.
02
Stronger processes and controls
Identify control weaknesses, reporting gaps and areas where financial processes can be improved.
03
Clear reporting outcomes
Receive understandable findings and practical guidance without unnecessary complexity.
04
Prepared for stakeholders
Support directors, funders, regulators and other stakeholders with dependable financial reporting.
The right level of service
Audit, independent review or agreed-upon procedures?
The correct engagement depends on your legal requirements, public interest score, governing documents and stakeholder needs.
Highest assurance
Audit support
Structured preparation and liaison support where a statutory or stakeholder-required audit is performed by an appropriately registered independent auditor.
Limited assurance
Independent review
Inquiry and analytical procedures designed to provide limited assurance on qualifying annual financial statements.
Our review process
Structured. Transparent. Efficient.
We keep you informed from the initial assessment through to final reporting, with clear responsibilities and fewer last-minute surprises.
1
Assess
Confirm the entity, reporting framework, engagement requirement, timeline and information needed.
2
Prepare
Organise records, resolve obvious gaps and establish a clean, traceable working file.
3
Review
Perform the agreed inquiries, analytical procedures and supporting checks.
4
Report
Communicate outcomes clearly and discuss practical actions where improvements are required.
Service coverage
Professional support from records to reporting.
Our involvement is scoped to your needs, with an emphasis on accuracy, readiness and clear coordination throughout the engagement.
Independent review engagements
For qualifying entities requiring limited assurance over annual financial statements.
Audit preparation and liaison
Prepare supporting schedules, organise evidence and coordinate information requests.
Financial statement readiness
Review accounting records and year-end information before the formal engagement begins.
Internal control observations
Highlight practical process, control and documentation improvements.
Agreed-upon procedures
Focused work on specifically defined financial information, balances or processes.
Who we assist
Built around your reporting environment.
- Small and medium businesses
- Owner-managed companies
- Professional practices and organisations
- Entities preparing for external audit
- Businesses responding to stakeholder requirements
Be review ready
Documents commonly required.
- Final trial balance and general ledger
- Bank, debtor and creditor reconciliations
- Fixed asset and supporting schedules
- Tax, payroll and statutory records
- Contracts, minutes and material supporting documents
Common questions
Clarity before we begin.
We confirm the correct engagement and information requirements before work starts.
Does every company require an audit?
What is the difference between an audit and an independent review?
An audit provides reasonable assurance through more extensive procedures. An independent review provides limited assurance, primarily through inquiry and analytical procedures.
How long does a review take?
The timing depends on the size and complexity of the entity and whether the accounting records and supporting schedules are complete. Good preparation can substantially shorten the process.
Can you help us prepare before an external audit?
Yes. We can help organise records, prepare reconciliations and schedules, resolve accounting issues and coordinate requests with the appointed independent auditor.
Speak to Taccspro
Let’s establish the right review approach for your business.
Talk to Taccspro about your reporting deadline, current records and assurance requirements.
