If you are a foreign owned company, publicly listed company, large company or non-profit organisation you require audit services. Other reasons why an audit of the financial services is required include trust account audits, travel compensation fund audits and franchise code of conduct audits. The Corporations Act 2001 requires the following entities to prepare and lodge audited financial reports:
- Public companies;
- Disclosing entities;
- Large proprietary companies;
- Managed investment schemes;
- Small proprietary companies (foreign controlled);
- Small proprietary companies (ASIC direction to lodge financial reports)c