The audit and assurance services provided by Sygnum exceed statutory requirements. We focus on providing services that enable you to make effective decisions, meet the challenges of today's rapidly changing business environment, and enhance the credibility of and confidence in the information you provide to stakeholders.
Our philosophy is to provide clients with the highest quality service in the most efficient, timely and responsive manner possible. Our approach is based on strong communication. It uses our knowledge of constant changes taking place in the business environment and our experience in evaluating the risks your business faces.
Risk management and ongoing business improvement are your keys to business success. At Sygnum, we work with you to understand your business operations and concentrate on identified risk areas. This allows us to provide valuable assistance that addresses issues such as the efficiency of your operation and ways to strengthen your internal controls.
Some of the audit and assurance services provided by Sygnum include:
Audits of financial reports
Sygnum Assurance Services provides statutory audit services for a range of clients requiring an audit under the Corporations Act 2001 or other relevant legislation. Clients include large and small proprietary companies, non-profit organizations, incorporated associations and co-operatives.
Reviews of financial reports
Sygnum Assurance Services provides review services for entities as required. A review is less detailed than an audit and hence provides a lower level of assurance than an audit. A review can however provide an entity with information on their compliance with the applicable financial reporting framework, and assist clients to identify improvements required for the year end statutory audit.
Other types of audits
Sygnum can also provide audit services in respect of:
· Trust account audits (real estate, legal, settlement, accounting)
· Grant acquittal statements
· Charitable Collection Act audits
Financial report preparation and analysis
Sygnum prepares financial reports for reporting and non-reporting entities, including partnerships, associations, discretionary and unit trusts, public companies and companies limited by guarantee. We are able to undertake full consolidation and foreign currency translations, and provide comprehensive advice in respect of the applicability of Australian Accounting Standards.
All clients benefit by our use of the latest software, which allows us to import a full trial balance from most modern accounting software packages, either directly or as an ASCII file. Flexible trial balance and unique mapping features allow us to create hundreds of different reports and work papers that meet your most complex requirements.
We can also import detailed transactions along with account balances, giving us the option of creating custom designed work papers - including highly detailed analyses - from your own accounting system.
Accounting advice on complex issues
Sygnum has provided assistance to clients with complex accounting issues including consolidation, elimination entries and equity accounting. We can also provide accounting advice on the application of accounting standards and accounting policies to your business.
Financial due diligence reviews
Sygnum Assurance Services has provided assistance to entities considering proposed acquisitions of businesses. We can provide assistance with due diligence reviews of the financial affairs of the target entity, and provide a summary report of factual findings in order to assist clients with their acquisition decision.
Other Services
Other services that Sygnum can provide include:
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Corporate Services |
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Preparation of Accounting Manuals |
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Provision of on-site training |
Please contact us for further information on what audit and assurance services we can provide for you.
