BVO audit and
review services
Plain language reporting, objective expertise and advice to minimise your risk
BVO audit and
review services
Plain language reporting, objective expertise and advice to minimise your risk
There is a lot of jargon in the auditing world.
Let’s clarify some of the terms, to make choosing the right service easy.
Audits vs reviews
BVO Audit provide the full suite of auditing and review services. While audits and reviews are often required by law, there are many instances where they are voluntary, not mandated. There are many good reasons to elect to have one. But let’s get clear on the difference between an audit and a review first.
An audit is the most thorough analysis of an organisation’s financial statements and gives you the highest possible level of assurance that your financial statements paint a true picture of your organisation’s financial position.
A review is similar but comes with a lower level of analysis and therefore a lower level of assurance.
Not sure if you need an audit or review, or if you are required by law to have one? To help you figure it out we’ve created an easy-to-follow decision tree.
What about internal vs external audits/reviews?
BVO Audit provides both internal and external audit and review services.
Who we work with and the services we offer
BVO Audit work with a range of Not-For-Profit and For-Profit organisations. Find out more about the services we provide and how we can help your organisation by choosing from the list below.
Charitable Trusts
Incorporated Societies
Clubs
Churches
Volunteer service organisations
Charitable Private Training Establishments
Education and training providers
Body Corporates
Real Estate Trust holders
Business with overseas shareholders
Businesses getting ready to attract funding
How the audit process works.
The process spelled out.
You’ll love how easy it is to work with us. We’ll do the work either at your place or at our offices in Newmarket, then prepare a report on what we found.
1. Discuss
Discuss your requirements with one of our qualified auditors.
2. Estimate
Receive a formal fee estimate for the job, without obligation.
3. Engage
Decide to engage the services of BVO Audit.
4. Step-by-Step
Get step-by-step, easy-to-follow instructions and a checklist to help you gather all the relevant information.
5. Your place or ours
We’ll do the work either at your place or at ours, with minimal disruption, to assess and analyse your information and systems.
6. Audit Reports
You’ll receive audit reports of your financial statements, plus a plain language management letter containing constructive feedback on systems, processes or control measures that have been identified, to help you meet stakeholder goals.
