AUDIT & Assurance - ADDING VALUE TO YOUR FINANCIAL INFORMATION AND SYSTEMS

The audit and assurance process, through its independence, adds credibility to financial information being presented.  It also offers an opportunity to review systems and consider improvement opportunities. 

Through our experience with audit assurance services in a number of sectors, for a range of different purposes, we are able to provide quality assurance services.

Our main services include:

• Financial Statement audits
• Special Purpose through to NZ GAAP
• Review engagements
• Agreed Upon Procedures
• Reviews of Accounting Procedures and Internal Controls
• Compliance audits including Real Estate Agent trust accounts and AML/CFT - Anti Money Laundering / Countering Financing of Terrorism Act 2009

We have had 25 years in the audit and assurance space with experience auditing companies, trust accounts, not for profits, charities, clubs, (including those subject to Gaming Act requirements) and private training enterprises. 

Our experience has enabled us to become familiar with the more common, or key, risk areas - both from a business and accounting perspective.  Combining this with our experience with different accounting and reporting systems,  we are able to understand your business quickly and focus on the key risk areas.   This enables us to provide an efficient and an affordable quality service.   

With the requirements of the Anti Money Laundering / Countering Financing of Terrorism Act 2009 being in force a number of businesses including lawyers, conveyancers, some accountants and real estate agents, have additional responsibilities.   The additional responsibilities include new reporting requirements, new requirements for identifying your customers and keeping good records.

We can provide an audit of your risk assessment, audit programme and overall compliance with the Act. 

Alternatively, we can assist with the development of the risk assessment, audit programme and other AML/CFT requirements.  

Whether you're in business for profit or charitable reasons, there are opportunities for things to go wrong, whether they be unintended mistakes or through fraud.   Unintended mistakes and fraud, can be prevented, or detected earlier, if stronger internal controls are in place. 

 
For all businesses, even those that are not normally subject to any assurance procedures, a review of a process, or a component within a business, can be performed.  This could involve reviewing policies and procedures, assessing the degree of segregation of duties or testing of transactions.  Potential areas or processes, which could be reviewed are:

• Revenue & Receivables
• Purchases & Payables
• Payroll
• Treasury
• Business Continuity Planning

Due to the specialisation of audit and assurance, we deliver our assurance services through CMH Audit Services Limited.