Auditing

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  • Self-Managed Superfunds

The Super laws require that SMSFs have their accounts, statements and compliance audited each year. As a trustee of an SMSF, you are required to appoint an approved & independent SMSF auditor to audit your fund each year.

We are ASIC approved SMSF auditor with a profound experience in the Self-Managed superfund industry. When you have your SMSF audited with us, we give you the peace of mind by ensuring that your fund is compliant with industry regulations so you could focus on the growth of your invested funds.

  • Trust Account Audits

Under the Property Stock and Business Agents Act 2002, licensees’ records in relation to the handling of trust money must be audited.

Our team at Vega Advisory are qualified under the ASIC Regulation 2001 to conduct annual trust account audits for real estate agents. In addition, we offer quality audits for Law practices and Strata companies.

  • Incorporated Associations:

Under the Associations Incorporation Act 2009, incorporated associations are divided into two tiers for reporting purposes.

(a)     Tier 1 associations, whose gross receipts exceed $250,000 or current assets exceed $500,000 are required to submit audited financial statements each year with the Fair Trading department.

(b)     Tier 2 associations, are those with receipts less than $250,000 are required to submit a summary of their financial affairs with the Fair Trading department.

These associations are not required to be audited unless they undertake fundraising activities in which they will be required to audit the fundraising receipts an expenditures under the Charitable Associations Act 199.

If you are an incorporated association, our team of professionals can provide you with quality audits and reviews to meet your internal and statutory requirements.

  • Not for Profits organisations and Charities

The Australian Charities and Not-for-profits Commission (ACNC) is the independent national regulator of charities. From the 2014 reporting period onwards, The ACNC require that Charities to submit financial reports that have either been reviewed or audited.

At Vega Advisory, we are qualified to conduct audits and reviews for charities and Not-for -profits organisations. We provide our clients with quality audits that satisfy the requirements of the ACNC, ATO and other regulating bodies and help your organisation to have access to all tax concessions it is entitled for.

Some of the charitable and Not-for -profits organisations we undertake audits for include:

-          Football, Social, Golf, Bowling, Cricket and Yacht Clubs

-          Charities & Foundations

-          Cultural Clubs & Associations

At Vega Advisory, we have a long experience in the audit Self-Managed Superfunds, incorporated associations, not for profit organisations and Trust Accounts. If we can be of assistance with your audit requirements or you require further details, please do not hesitate to contact our office or send your enquiry to info@vegaadvisory.com.au