IFRSs & Financial Accounting Reporting Advisory Services
The ever changing financial reporting environment in Australia often poses a challenge to organisations looking to keep up with and comply with the most up-to-date accounting and financial reporting requirements.
Our team will apply our technical accounting knowledge and expertise to help you understand changes in accounting standards that apply to your organisation and support you in the adoption of complex accounting standards. We are also well equipped to provide you with practical advice on integrating International Financial Reporting Standards (IFRS) into your financial reports.
We can help you with the following (this is not exhaustive list):
- Adopt latest Australian Accounting Standards (AASs) and International Financial Reporting Standards (IFRSs)
- Interpret complex accounting treatments and implementing them in your accounting systems
- Assist in preparing accounting policies and best practice accounting guidelines
- Implementation of accounting systems
- Preparing technical accounting memos and presentations for executive management and audit, risk and finance committee and Board
- Training your staff on accounting and financial reporting requirements
- Preparation of general purpose and special purpose financial statements
Industries Served
- Not-for-Profit & Charities
- Technology, Media & Entertainment
- Consumer and Industrial Markets
- Retail and Hospitality
- Insurance broking
- Real Estate, Construction and Property Development
- Government & Public sector
- Mining
- Education
- Healthcare
- Indigenous Organisations
Compliance & Regulatory services
In today’s ever-changing regulatory environment, organisations are challenged to keep up with complex regulatory changes and must work to integrate these changes into their business structures.
Our WWA team has the expertise to guide you through these challenges to ensure your organisation complies with all applicable regulations.
Our solutions and services include:
- Australian Securities and Investments Commission (ASIC) financial service licences
- Australian Prudential Regulation Authority (APRA) prudential requirements
- Australian Charities and Not-for-profits Commission requirements
- Trust audits for solicitors and real estate agents
Due diligence
Due Diligence is essential when considering acquiring, investing, or merging with a business. It is critical to have a detailed understanding of the business being considered in order to make an informed decision.
Our team at WWA can assist you in the due diligence process by identifying key issues and risks, evaluating the purchase price and reviewing the financial and operational implications of the proposed transaction. We will provide you with valuable insights to ensure your transaction delivers real business and financial benefits while enhancing shareholder value.
IPO Audits
At WWA, we are experienced in providing independent audit opinions and reports that give you confidence that the financial information disclosed in a prospectus or product disclosure statement for an IPO has been correctly prepared and is fairly presented.
Our team will also guide you through the regulatory requirements relevant to your IPO, including the Corporations Act and ASX listing rules, to ensure that your organisation complies with the necessary obligations.
Probity Advice & Assurance
WWA provides probity advice on tender and transaction processes as well as independent audit opinions to provide you with the assurance that your tender and transaction processes are equitable and fair. We will help your organisation assert the integrity of your tender processes and help maintain stakeholder confidence in specific processes.
Our experienced probity team will also work with you to ensure your policies, procedures and probity frameworks are consistent with guidelines, best practice principles, and relevant laws and regulations.
International Audits
WWA is part of Walker Wayland Australasia and BKR International, leading global associations of independent accounting and business advisory firms worldwide. This allows WWA to access the local expertise, services and resources from other international member firms to provide complex group audit services and compliance with foreign statutory audits.
Our audit team is experienced in providing the following services:
- Audits of private and publicly traded companies headquartered in Australia and their international subsidiaries.
- Audits of consolidated financial statements of internationally headquartered firms and their Australian subsidiaries.
- Audits of Australian subsidiaries of foreign parent companies and required reporting package.
Audits of financial statements are prepared using Australian Accounting Standards, International Financial Reporting Standards (IFRS), and US Generally Accepted Accounting Principles (GAAP).
Performance Audits
Today’s competitive business landscape has driven organisations to reduce costs, be more efficient and continuously improve to drive better performance. Therefore, an organisation must understand its performance level so that it is not left behind.
Our team at WWA can independently evaluate your organisation’s performance to determine whether specific teams or business functions are working as intended to achieve your tactical and operational goals. We will evaluate the economy, efficiency and effectiveness of your operations and provide you with actionable recommendations that will ensure that your organisation’s business objectives are met
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