Great auditors ae reliable, prompt and experienced. Photo: File.
Are you a business owner? If so, you may at some point need an experienced and independent auditor.
Auditing is a specialised field. It requires a thorough and precise evaluation of your business’s financial records. Beyond reporting, audits have other benefits. They can add credibility to your business. They can also provide valuable insights into your financial situation.
In this article, we’ll outline the qualities to consider when choosing an auditor, and share where to find the best in Canberra.
What makes a great auditor?
Choosing the right auditor will give you confidence that the job is done at a professional standard. You’ll be reassured you can rely on the auditing results to make informed decisions.
It can be helpful to keep the following in mind when choosing an auditor.
- Experience. If you want the best in the auditing business, look for years of experience. Seasoned auditors have seen it all before. They also know how to deliver comprehensive financial audits.
- Track record. Opt for an auditing company with a great reputation. Look at their track record online. Then decide if they’re the type of company you want to work with.
- Independent. Auditors should be truly independent. This ensures a thorough and fair assessment.
- Prompt. You’ll probably need your audit completed within a specific timeframe. Work with an auditor who commits to your schedule.
- Eye for detail. Auditing is all about the detail. Choose an auditor who will pick up on every detail.
The best auditors in Canberra
RiotACT’s editorial team has combed through 20 years of on-site comments to compile a list of the most recommended businesses according to you.
To be listed in our Best of Canberra series, each business needs to have consistently received positive feedback on RiotACT and Facebook as well as maintaining a minimum average of 4/5 stars on Google.
RSM Australia - Audit & Assurance
Reliable information is the basic prerequisite for confidence in the value of an organisation; for the investor, the public and the organisation itself. RSM’s Audit and Assurance team deliver technically excellent audits: they draw on their in-depth knowledge of their clients’ business to make constructive contributions for improvement. Clients head to RSM for all internal and external audit, financial statement, due diligence and financial management advice.
Boban Stojanovic wrote on Google, “Professional all the way.”
Bonsella Business Solutions
Bonsella Business Solutions provides clients with a difference that goes far beyond numbers. Its chartered accountants offer business and taxation services that help companies reach new heights. Services include accounting, auditing, taxation and self-managed superannuation funds.
On Google, Amanda Toms wrote, “Bonsella Business Solutions have been our tax accountants for a number of years. The reason why we come back every year is simple—we get value for money. The team at Bonsella is responsive and works diligently …”
Aquila Super
Aquila is a leading Self Managed Super Fund specialist and preferred APES110 independent audit provider. The firm is one of Australia’s largest and most experienced SMSF administration and accounting service providers. Its Canberra office provides the full range of accounting services, complemented by auditing support from the large Aquila network of experts.
Malgrorzata Hill wrote on Google, “Aquila’s expert staff have it all covered at a very reasonable cost.”
If you’re looking for more services in Canberra that can help you with your business’s finances, you might like our articles on the best business advisors, best chartered accountants and best tax accountants Canberra has to offer.
Your experience with auditors in Canberra
Thanks to our commenters who have provided insightful feedback. If you believe we have got it wrong, please let us know.
Have you had any experience with any of the auditors listed above? If so, share your feedback in the comments below.
Frequently Asked Questions
How much does it cost to have my business audited?
The cost depends on many factors such as the size and complexity of your business and how senior the auditor is. You'll want to budget enough to make sure the job is done professionally. Compare costs to see determine fair market value.
How do I choose an auditor?
You’ll want to check a range of attributes before choosing an auditor. This includes their formal qualifications, amount of experience and whether they’ve won awards or accolades. You may also want to check how they present their firm online and if they’ve worked in your industry. You can also check for online reviews.
Do I need an auditor who specialises in my industry?
If you work in a highly specialised industry, it might be wise to select an auditor who understands how your industry operates. This will save time and money in briefing the auditor. An auditor with experience in your industry has other benefits. It means they can potentially stop issues before they arise and better cater for your needs.
How do I know if an auditor has a good reputation?
You’ll need to do some research, as you would when choosing any type of professional support. Check the auditor’s website for how long they’ve been in business and if they’ve won awards or accolades. Also check online for reviews. You can also ask the auditor for the name of a client or two you can talk to for first-hand feedback.
How efficient are auditors?
Quality auditors have invested in technology to help them work quickly and accurately in producing quality audits. Technology also enables your auditor to capture important insights that can benefit your business.
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