Financial statement audits provide an independent opinion on the financial position and performance of a range of entities. They identify whether the entity complies with accounting standards, relevant laws, regulations and government directions. Our audits also highlight opportunities for the entity to improve their accounting and financial systems.

BCS apply the highest standards of professional integrity, objectivity, independence and technical excellence to all our audits. Our audits are conducted in accordance with AIFRS and Australian auditing standards.

The Corporations Act 2001 requires the following entities to prepare financial reports:

• Large proprietary companies which satisfies two of the following tests - Consolidated revenue exceeding $25 million, Consolidated gross assets exceeds $12.5 million and Consolidated employees totals 50 or more;
• Small proprietary companies (foreign controlled);
• Disclosing entities;
• Public companies;
• Managed investment schemes;

Companies must lodge their financial report within the following periods:

• If the company is a disclosing entity or registered scheme: within 3 months after the end of its financial year. Eg. If the financial year of Company is 30 June, they must lodge by 30 September;or
• All other Companies: within 4 months after the end of its financial year. Eg. If the financial year of Company is 30 June, they must lodge by 30 October.

Our trust acount audits cover a wide variety of trust accounts, including solicitors, real estate agents, property management, travel agencies and accountants. These services help ensure that your trust accounts operate according to industry-specific regulations.

The accounts of any person or organisation that holds authority to conduct a fundraising appeal must be audited annually by a registered company auditor. We have been involved in wide range of audits for charities and community assistance based organisations.