Confidence Through Clarity — Audit and Assurance Services Sydney
Empowering Your Business With Clear Financial Insights
✔ Statutory audits and review reports.
✔ Due diligence and agreed-upon procedures.
✔ Financial statement audits.
✔ SMSF audits.
✔ Clear, friendly, jargon-free communication.
Audit and Assurance
Your business’s success depends on its ambition and ability to seize opportunities, while ensuring it remains statutorily compliant and responsible to stakeholders. DSV Partners provides you with unmatched audit and assurance services in Sydney — driving your enterprise’s credibility and powering its prosperity.
The truth is, traditional audits can feel like a tedious box-ticking exercise, typically providing little more value than declaring your financial statements are accurate. DSV Partners believes you deserve more.
That’s why our Sydney-based audit assurance team doesn’t just verify your financial records — we can release their incredible potential. Going beyond straightforward compliance, we strengthen your operation through audit reporting that’s both impactful and insightful.
Whether a small to medium-sized enterprise (SME) or substantial organisation — we utilise our expansive industry experience and knowledge to drive your enterprise forward. Identifying areas for improvement, streamlining scenarios, and optimising financial health — we offer actionable techniques for business success.
Demystifying Audit, Accounting and Assurance Services
Imagine your business’s finances are like a car engine — an audit is like having a qualified expert thoroughly scrutinise each motor part and ensure they all work together harmoniously and correctly.
An auditor conducts an audit based on the audit standards as issued by the AUASB (Auditing and Assurance Standards Board). This includes examining financial transactions, on a sample basis, and issuing an audit report.
For stakeholders, assurance services may give confidence and understanding. For your business, they can indicate areas of potential growth, threat, or concern.
Why Use Our Audit Services?
Currently in Australia, businesses that are required to have an audit include:
- Public companies.
- Large proprietary companies — $50+ million revenue, $25+ million assets, or 100+ employees.
- Disclosing entities — financial services/products with specific reporting requirements.
- Medium and large charities.
However, many enterprises find that a positive assurance audit can deliver value and benefits to their operation’s stability, growth, and credibility.
Allowing DSV Partners to provide your business with audit attestation and assurance services, means:
✔ Reassurance — confidence in the accuracy of your business’s financial statements.
✔ Trust and credibility — peace of mind to current or potential lenders, investors, partners, and shareholders with independently verified financials.
✔ Empowered decision-making — reveal priceless insights and areas for improvement.
✔ Targeted information — our assurance services can focus on particular areas of your business and its objectives.
✔ Threat management — audit risk assurance can proactively reveal and address your potential financial and business risks.
✔ Elevated transparency — a clear illustration of your financial health to internal and external parties.
✔ Cost-saving — early identification of financial hurdles can save you losses in the future, and large proprietary companies can often receive relief.
Beyond Compliance: Our Tailored Auditing and Assurance Services
Allow DSV Partners to drive your business with financial clarity! Our audit and assurance service — in accordance with the auditing standards issued by the AUASB (Auditing and Assurance Standards Board) — encompasses a comprehensive scope.
Explore our options below and discover how we can empower your financial decisions and build trust:
Financial Statement Audit Service
In Australia’s current challenging business landscape, a reliable and expertly conducted financial audit is more than a formality — it’s a powerful tool to showcase your business’s fiscal health, responsible stewardship, and investor potential.
At DSV Partners, we go above and beyond to provide the most detailed and valuable reporting. Our team of experienced accountants ensure a thorough examination — tailored to your specific needs and requirements.
Whether you’re an ambitious startup or a large organisation — we have the scope and expertise to provide you with unparalleled attention across all business sectors. Reassuringly, our audits exceed regulatory requirements and stakeholder demands.
What’s more, we understand and study the ever-changing regulatory environment. Our proactive partners are always ahead of the curve — proficient at addressing industry-specific compliance rules. Not just identifying potential issues, but also offering dynamic solutions to fulfil your obligations with confidence.
Compliance Audit Service
Businesses operating in Australia are subject to a spectrum of regulation requirements. Navigating these rules and expectations can be demanding — especially when unintentional mistakes or omissions can lead to serious implications for your enterprise.
DSV Partners is on your side — to guide, advise, and keep you reassuringly compliant.
Our audit services safeguard your business — meticulously exploring and assessing your adherence to relevant regulations. This includes areas like reporting, taxation, payroll, applicable accounting standards, and any industry-specific or membership-body requirements.
Furthermore, as proactive accountant advisors, we do more than just check your operation is abiding by the rules. To give you understanding and empowerment, we give concise and clear explanations of any issues — without jargon — allowing you to meet your duties with confidence.
Due Diligence
When your business is thriving, how do you ensure you’re making the best decisions when planning a merger, alliance, or acquisition? DSV Partners provides your enterprise with an exhaustive due diligence service to ensure you move forward with certainty.
Consider our due diligence as lifting the veil on business. Our meticulous accountants deeply explore financial and operational health — scrutinising crucial areas such as financial statements, tax records, regulatory and legal compliance, efficiency, and contractual agreements.
Furthermore, as responsible due diligence auditors — DSV Partners digs even deeper.
For your peace of mind, we explore budgets, forecasts, and future opportunities or risks — ensuring a complete picture of the company’s financial status and viability. This provides invaluable reassurance, and allows you to make well-briefed decisions on asset allocation and funding strategies.
Agreed-Upon Procedures
The most effective and reputable accountants will not offer a one-size-fits-all solution. DSV Partners’ Agreed-Upon Procedures (AUPs) target your business’s needs and objectives — with flexible and tailored auditing.
Unlike a standard audit, where financials are examined, and an overall opinion is provided, our AUP engagements look at specific areas of your enterprise — as you demand. This permits us to investigate the vital metrics that matter most to your operation.
Working closely together, we can assist in creating a custom framework to identify your needs and objectives — whether it’s internal controls, business processes, or financial analysis.
Bear in mind that, unlike some auditing engagements, our AUP reports don’t include any independent recommendations based on the data. This keeps the report objective — and allows you to draw your own conclusions and actions based on the presented information.
SMSF Audit Service
If you have a Self-Managed Super Fund (SMSF), you’re required to have an annual SMSF audit — both to ensure the precision and validity of its financial statements and to check its compliance with the relevant superannuation stipulations.
As registered SMSF auditors, authorised by ASIC (Australian Securities and Investments Commission), DSV Partners can safeguard the financial health of your retirement planning. This provides immense reassurance, knowing that you will live your senior years in comfort.
Our diligent and experienced team will deliver a conflict-free SMSF audit — working on your behalf while upholding the high values of objectivity and integrity you’d expect from Sydney’s leading professionals.
By choosing DSV Partners as your SMSF auditors, you enjoy the benefits of:
- An audit report as required by Superannuation Industry (Supervision) Regulations 1994 (SISR).
- Timely identification of any errors or mistakes and rapid rectification.
- Knowing that your Super Fund complies with regulations.
Review Report
Your business may not require a full audit. In that circumstance, DSV Partners can assist with our review report service — delivering valuable insight and confidence in your financial statements, but without a costly and time-consuming comprehensive examination.
Review report provides only limited assurance financial statements. Unlike an audit, which involves in-depth scrutiny of your records, it instead involves making inquiries — usually of those with financial and accounting responsibilities — and utilising analytical and review techniques.
Key review engagement characteristics:
- Cost-effective — generally less expensive than a full audit.
- SME friendly — suitable for smaller operations that lack the resources or do not have the requirement for a full audit.
- Provides confidence and assists with decision-making.
- Compliance — some lenders, investors, or regulatory bodies may insist on a review report.
What Business We Support With our Audit and Assurances Service
At DSV Partners, we understand the unique needs of various industries and market sectors. Our extensive accountancy and auditing experience allows us to provide bespoke services to your particular business:
- Public and private companies.
- Australian Financial Services licences.
- Not-for-profit organisations.
- Registered clubs.
- Trust account and financial statements for:
- Real estate agents.
- Licensed travel agents.
Assurance and Auditing: Why Opt for DSV Partners?
Modern businesses like yours have to navigate complex statutory regulations and comprehend the implications of your financials — while still running your enterprise today and planning for tomorrow.
DSV Partners is your trusted partner, easing your burden while providing unmatched guidance, advice, and compliance.
By strengthening your operation with clear and reliable data, you can make informed decisions. Whether you need the accuracy of a financial audit, the insight of a review report, or the deep investigation of due diligence — DSV Partners is ready to empower your business.
Choose DSV Partners
✔ Local expertise — exploit the knowledge of Sydney-based accountants, familiar with local regulations and industry and market trends.
✔ Tailored services — audit or assurance services focusing on your business needs and objectives.
✔ Focus on your business — delegate financial reporting to DSV, and concentrate on running your enterprise.
✔ Friendly, punctual, and clear communication — without stuffiness or jargon.
✔ Affordable services for all business entities and sizes.
✔ A holistic approach to accountancy that fuels your business growth.
Auditing and Assurance FAQs
What’s the Difference Between Assurance Services and Non Assurance Services?
The crucial difference between assurance and non assurance services lies in their intended scope.
Assurance services deliver an independent opinion on the accuracy of your financial information, such as audits and reviews. Non-assurance services offer guidance and support on financial matters, such as bookkeeping, tax preparation, and risk management.
What Is Quality Management Audit in Accounting?
In accounting, a QA audit — performed by a specialised quality assurance auditor — is not involved in the auditing of a third-party business’s financial statements.
Instead, it is an internal audit quality assurance examination of a specific accounting firm’s processes and procedures — to ensure the accountancy practice is fit and proper to conduct audits and meet professional standards.
Do I Need an Audit?
The requirement for an audit depends on numerous factors, such as your company size, entity type, legal and statutory requirements, and stakeholder needs. DSV Partners will happily assist you in determining the most suitable reporting for your enterprise situation.
What Are the Qualifications of Your Audit and Assurance Team?
Our Director is a Registered Company Auditor. Our team has a combined experience of over 40 years in audit. The team is managed by qualified CPAs and Chartered Accountants.
How Much Do Your Audit and Assurance Services Cost?
Our fees depend on the auditing service you need, your business turnover, your operation’s size, and complexity.
It’s our mission to ensure affordable and competitive pricing that is tailored to your needs and suitable for small, medium, and large enterprises.