Compliance Audits for ASIC


Certain types of entities must have their financial reports audited by a registered company auditor.

A company (other than a small proprietary company), registered scheme (managed investment scheme) or disclosing entity (a body that holds enhanced disclosure securities) must have its annual financial report audited and obtain an auditor’s report.

However a proprietary company may be exempt from having its financial report audited (see Regulatory Guide 115 and CO 98/1417 Audit Relief for Proprietary Companies) or may otherwise be eligible for audit relief.

Read More

Trust Accounts


Certain types of entities must have their financial reports audited by a registered company auditor.

A company (other than a small proprietary company), registered scheme (managed investment scheme) or disclosing entity (a body that holds enhanced disclosure securities) must have its annual financial report audited and obtain an auditor’s report.

However a proprietary company may be exempt from having its financial report audited (see Regulatory Guide 115 and CO 98/1417 Audit Relief for Proprietary Companies) or may otherwise be eligible for audit relief.

Read More

Superannuation Funds


If you have an SMSF you are responsible for the running of the fund and ensuring it is compliant with its trust deed and superannuation laws. SMSFs are regulated by the ATO and ASIC regulates the professionals you may engage to help you with your SMSF.

Anyone who runs a self-managed superannuation fund (SMSF) must ensure that a registered SMSF auditor audits the fund annually.

An SMSF auditor examines the validity and accuracy of an SMSF's financial records and makes sure that the fund is compliant with superannuation rules.

Read More

Associations and Owners Corporations


As a lot owner, you risk financial and legal consequences through poor financial management of your owners corporation (formerly body corporate).

An owners corporation is responsible for actions taken on its behalf by delegates, such as a professional manager or committee member. It can pass on costs incurred by these actions to members by raising fees. As a lot owner, there is no limit to your financial and legal liability for actions of your owners corporation or its delegates.

Your owners corporation should seek professional help to manage its financial responsibilities.

Read More

Internal Audits


Internal audit is a dynamic profession involved in helping organisations achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organisation.

To do this, BHT Partners Audit work with management to systematically review systems and operations. These reviews (audits) are aimed at identifying how well risks are managed including whether the right processes are in place, and whether agreed procedures are being adhered to. Audits can also identify areas where efficiencies or innovations might be made. Internal audits are organised under an ongoing program of review and advisory activity this is based on the strategic needs of an organisation.

Read More

Government Grants


Government grants are a great way for businesses to get the finances they need to realise a fresh idea or new development plan, all the while boosting their visibility among investors and clients.

They can be time-consuming, however, and usually come full to the brim with terms and conditions.

So, if you’re thinking about applying for a government grant for the first time, you’ll need to be aware of the possibility of having to organise a grant audit.

Read More

Not For Profits


Most Not-for-Profit Entities are registered with the ACNC, which then, in addition to the rules of each entity, prescribes the audit requirements for the entities.

An association may still require an audit to be carried out and this requisite would normally be specified in the rules. It is within the power of the members to pass a resolution that the accounts for a particular financial year be audited, especially if they had any reason to be concerned.

Read More
    If you’re in need of an auditor, please get in touch with us on (03) 9431 1827.
    Contact Us