Audit · Special purpose
Special purpose audits and agreed-upon procedures
When a funder, landlord, regulator or agreement asks for an auditor’s report on something specific, we do the work and complete the report in the form they need. Fixed quotes, registered auditors, and no more work than the report actually requires. [check: confirm which of these engagements you take on]
Common engagements
Grant acquittals
Audited statements of how government or philanthropic grant money was received and spent, in the format the funding agreement requires.
Strata schemes
Audits of owners corporation accounts for larger schemes that are required to have one, and for any scheme whose owners resolve to have their accounts audited.
Retail lease outgoings
Audit of the annual outgoings statement a landlord must give tenants under the NSW Retail Leases Act, showing what was actually spent against the estimate.
Workers compensation wage declarations
Accountant certification of declared wages where your insurer requires it. [check: confirm you offer this and current icare requirements]
Turnover and royalty certificates
Independent confirmation of sales figures for turnover rent, franchise royalties or marketing fund contributions.
Completion accounts and other agreed procedures
Checks on completion accounts after a business sale, or other specific procedures set out in an agreement.
Getting started
Send us the agreement, grant letter or lease clause that asks for the report, and any template report. We tell you what records we’ll need and give you a fixed quote.
Our auditors
[check: registered auditor names and ASIC registration numbers]
Frequently asked questions
What is a special purpose audit?
An audit of something other than a full set of general purpose financial statements, done because a funder, regulator, landlord or agreement requires it: a grant acquittal, a strata scheme’s accounts, a lease outgoings statement and so on. The report is written for the person who asked for it.
What are agreed-upon procedures?
Sometimes the other party doesn’t need an audit opinion, just specific checks done by an independent accountant, such as confirming a turnover figure or testing a sample of transactions. We perform the agreed procedures and report what we found, which is usually quicker and cheaper than an audit.
How much does it cost?
A fixed fee quoted once we’ve seen what the report is for and what records exist. Many of these engagements are small, and priced accordingly.
Our funder sent a template. Can you use it?
Yes. Most grant and lease audits come with a required form of report, and we complete it in the format the funder or landlord asks for.
Ready to talk?
Book a free consultation of up to an hour, in the office or by video, or just call.