How BVO Audit helps make governance simple for the Parnell Business Association

Managing a business association is no small task—especially when you’re responsible for over 1,100 members, advocating for local businesses and ensuring financial transparency. For Cheryl Adamson, General Manager of the Parnell Business Association (Parnell BID), having a trusted audit partner is crucial.

About Parnell BID: helping local business thrive

The Parnell Business Association operates as a Business Improvement District (BID), a collaborative local economic development initiative run by a business association and defined by a BID Policy. There are currently 51 BIDs in Auckland, working with Auckland Council, representing over 25,000 businesses with a combined capital value estimated at $72.7 billion.Funded by a targeted rate from commercial property owners, the association invests its funding into a range of activities such as business advocacy, events, marketing, crime prevention, and streetscape improvements to make Parnell a flourishing destination.

With public funding and advocacy comes responsibility and a need for transparency, making independent auditing an essential part of good governance. Ensuring that Parnell BID funds are spent wisely and in the best interests of members is key to maintaining trust and credibility with businesses, council, and stakeholders.

The challenge: tight timelines and resources

As a BID, Parnell Business Association must meet strict financial reporting requirements. Cheryl’s small but mighty team juggles everything from advocacy to event management—without an in-house accountant—so the audit process needs to be efficient, reliable, and easy to manage.

Adding to the pressure, Auckland Council requires all financial documentation one month before the AGM, significantly tightening the audit timeline.

The solution: an audit partner that operates like clockwork

Although Cheryl inherited BVO Audit when a previous auditor transitioned into the firm, she quickly found they were a perfect fit and has never needed to look elsewhere.

“We’re time-poor, so we need someone efficient. BVO Audit just gets it. The whole process is slick and straightforward.”

BVO’s structured approach and clear communication makes the audit process seamless—even with a tight turnaround. The ability to reference past responses meant less duplication and a hassle-free experience every year.

“I had just seven days from year-end to submit everything to the accountants. They had about four weeks, and so did BVO. If it wasn’t a well-oiled machine, we’d be in trouble. But they’ve never missed a deadline.”

The outcome: stress-free audits, year after year

• A smooth, efficient audit process—even under time pressure
• No need to waste time explaining things every year—BVO Audit keeps track
• Confidence in financial governance, giving stakeholders and members peace of mind

With BVO Audit, Cheryl doesn’t have to worry about compliance or audit delays. Everything is done on time, every time.

“Honestly, I know I don’t have to worry. And that’s the best kind of service—one that just works.”

Would Cheryl Recommend BVO Audit? “Absolutely. When other BIDs ask, I tell them we’re really happy. I wouldn’t change a thing.”

If your organisation needs an audit firm that makes the process easy, efficient, and stress-free, BVO Audit is here to help. Drop us a line.