Services | Audit and Assurance

Audit and
Assurance Service

Our team are meticulous and detail orientated, we can conduct the most complex of audits with minimal disruption to your business.

Audit & Assurance – How we can help

Sentrika provide audit and assurance services which comply with statutory requirements and the relevant APES standards. An audit may not be required as a result of a statutory obligation, but through the result of an internal improvement process undertaken by management.

We offer fixed price quotes and guaranteed delivery times.

Financial Statement Audits

Company Audits

The scope of a company financial statement audit is to enable us to express an independent opinion to members as to whether the financial statements are prepared in accordance with the Corporations Act 2001, including a true and fair view of the company’s financial position and of its performance for the year then ended.

Our team has the relevant years of audit experience to appropriately address your company financial statement audit requirements across a broad range of industries and sectors. If your company has experienced growth and has transitioned from a Small Proprietary to a Large Proprietary Company, the directors are obligated to report to ASIC. Sentrika can assist with all of your Large Proprietary reporting and audit requirements with ASIC in an efficient and seamless process.

Not for Profit Organisations

Not for profit organisations require annual financial statement audits to ensure that the financial statements as presented to members are free from material misstatement and are compliant with the Associations Incorporation Act 1981(Qld) and the Australian Charities and Not-for-profits Commission Act 2012 (Federal).

Both in Queensland and nationally, organisations are divided into three levels based on financial criteria with each having different reporting requirements.

While the objective of our audit is to ensure the financial records correctly record the organisation’s income and expenditure and dealings with its assets and liabilities, we also commit to providing the committee an annual management letter regarding internal control recommendations.

If you are looking to start a charity of community organisation, contact one of our team members to ensure you receive the correct advice relating to structure, set up and ongoing compliance and audit requirements.

Trust Account Audits

Legal Practice and Real Estate / Management Rights Statutory Trust Account Audits

We ensure that all trust account audits are conducted in accordance with relevant legislation namely the Legal Profession Act & Regulations 2007 and Agents Financial Administration Act 2014.

We have completed statutory trust account audits with many different software providers and all audits are performed with sensitivity and confidentiality and in a manner to ensure minimal disruption to your business.

Sentrika has extensive experience with trust account audits and our knowledge and experience will help to ensure your business meets its legislative obligations. We can also assist with problematic trust accounts and provide the necessary advice required to ensure the trust account becomes compliant.

Franchise Audits

Under the Competition and Consumer (Industry Code – Franchising) Regulation 2014 master franchisors are required to have audits conducted annually in relation to their solvency.

Should the master franchisor also operate a marketing fund, the fund is also required to be audited every year.

Our dedicated team know and understand the Franchise Code and have streamlined the audit process to ensure that the issuing of audit reports on solvency and the marketing fund is an efficient procedure and meets the obligations of the master franchisor as required by the Code.