External audit and assurance services

At Reliance Auditing Services, we believe our strong work ethic, continuous focus on the needs of our clients and attention to detail ensure our clients receive a high-quality audit service experience. Our methodology emphasises the key principles of understanding our client, our clients’ business and the industry in which our clients operate.

We specialise in providing exceptional independent external audit and assurance services including:

Financial Report

Audit of financial report prepared to meet the need of the users, or in order to meet the statutory requirements, such as:

  • Corporations Act 2001;
  • Australian Charities and Not-for-profits Commission Act 2012;
  • Associations Incorporation Act 2015; or
  • Other statutory requirements.

AFSL

Audit of Australian Financial Services Licence (AFSL) to provide reasonable assurance on the compliance with the financial requirements of the licence, as well as review procedures to provide limited assurance on the compliance with the Corporations Act 2001 in relation to managing risk of having insufficient financial resources and the compliance with the cash needs requirements.

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APCS

Compliance audit of the Annual Prudential Compliance Statements (APCS) in relations to the terms and requirements of the Fees and Payments Principles 2014 (No.2). These compliance audits are performed in accordance with ASAE 3100 Compliance Engagements and in accordance with the Department of Health.

Compliance Plan

Audit of the compliance with the terms of the Compliance Plan of Managed Investment Schemes established in accordance with the requirements of the Corporations Act 2001. These compliance audits are performed in accordance with ASAE 3100 Compliance Engagements.

Grant Acquittal Statement

Audit of grant acquittal statements to ensure the reporting requirements of grantors are appropriately addressed as outlined in the individual grant agreements.

Review Engagements

Review engagements can be requested to provide limited assurance to the users of the financial or non-financial information. These engagements are performed in accordance with the Standards on Review Engagements.

Variable Outgoings

Audit of variable outgoings to report to the users in relation to allocation of outgoings. These include agreements in the scope of Commercial Tenancy (Retail Shops) Agreements Act 1985, or the provisions of the tenancy agreement.

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Agreed-upon procedures

Agreed-upon procedures reports the factual findings based on the outcome of the procedures performed. These engagements are performed in accordance with ASRS 4400 Agreed-Upon Procedures Engagements to Report Factual Findings.

Other services include:

  • Technical support
  • Accounting advice
  • Agreed upon procedures
  • Due diligence engagements
  • Ad hoc training of Australian Accounting Standards
  • One-off preparation of IFRS compliant financial statements.