Auditing

Auditing

Baker Tilly Staples Rodway provides a full menu of audit services including statutory audits for businesses of all sizes from listed companies to charities and schools. We also provide specialised audit services.

Financial statement audits

Our risk based audit methodology provides the foundation for a highly effective audit that provides assurance and gives insights into key areas of business risk. Whilst audits provide assurance to various stakeholders, other benefits from a Baker Tilly Staples Rodway audit include:

  • Where required, reviewing compliance with regulatory obligations
  • Providing an independent and commercially-based view of performance
  • Enhancing overall corporate governance processes
  • Opportunities for improved business performance through identification and effective communication of issues and other business insights arising from the audit
AML audits

If you provide services that are captured by the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009 (the Act), you will be required to have your AML/CFT risk assessment and compliance programme audited every two years in accordance with s59(2) and s59B of the Act.

We are able to undertake AML audits that satisfy the obligations of all reporting entities, including financial institutions, real estate agents, law firms and other accounting firms.

 

What are the benefits of our AML/CFT audit?

You will receive the following benefits from working with our friendly, knowledgeable audit team:

A robust and easy “no surprises” audit process with minimal disruption to your daily operations.

Access to our highly qualified audit team who have performed many of these audits. Our audit team have extensive experience with many types of statutory audit and other assurance engagements for a range of clients in several industries. The skills and knowledge of our audit team set us apart from other specialist AML firms which would have been established recently and only focus on AML audits.

In addition to receiving our audit report to comply with the AML/CFT Act, you will also receive a comprehensive findings report which will illustrate areas where your firm is not compliant, or aspects of your process which can be strengthened and improved.

 

Timing

Most reporting entities are deciding to have their first audits carried out in advance of the required two year deadline to ensure they are fully compliant with the Act earlier than they would otherwise have been. We highly recommend your firm considers this option.

In terms of scheduling, any time except be-tween the July to October months of any year is easily managed. Please book with us early to ensure you have priority in our schedule.

 

Pricing

Our pricing is dependent on the size, nature and complexity of your client base. We will confirm pricing with you after our initial discussions.

The Act is one of the most important and comprehensive pieces of legislation in New Zealand, and we believe you need the peace of mind which comes from working with a prominent Chartered Accounting firm.

Grant audits

Many grant providers require you to have your financial statements audited or reviewed. Audits and reviews are specific services which are required to be undertaken in line with professional standards and may go beyond what your grant provider really needs. We are able to work with you and your funding provider to determine what assurance they require (i.e. whether they want assurance that the grant was spent on the specific purpose for which the grant was made or that specific outcomes were achieved).

 

Special purpose audits

We can help you design a targeted audit plan to provide you with assurance on a specific area of your business or project.

Trust accounts & other audits

Baker Tilly Staples Rodway has extensive experience in undertaking the audit of solicitors’ and real estate agents’ trust accounts and providing advice on appropriate trust accounting policies. We also undertake other non-statutory audits, including audits for private equity investors and other financiers.

Services

News

01 Sep 2021

Hawkes Bay Firm congratulates new Associate

Our Hawkes Bay Firm is delighted to confirm the promotion of Vipin Thomas to Associate. Here's an opportunity to read more about his career and Baker Tilly story.  

26 Aug 2021

Service Performance Reporting “ Going for Gold

Just like the Olympics, the ‘go live’ date for PBE FRS 48 Service Performance Reporting, has been delayed a year, because of the flow on impact of Covid-19. The standard requires larger registered charities to prepare a Statement of Service Performance (SSP) to ‘tell their performance story’.

11 Mar 2021

Carolyn Jackson Appointed to National Board

Baker Tilly Staples Rodway is proud to congratulate Carolyn Jackson on her appointment to the network’s national board, where she will represent the regional and Wellington audit practices.

20 Nov 2020

Payroll fraud within entities

17 Sep 2020

International Success for Director David Goodall

We’re thrilled to announce Taranaki audit specialist David Goodall has been recognised internationally as a rising accounting star.

07 May 2020

Decoding audit reports in the COVID-19 world

There is no doubt this is one of the most uncertain times most of us have experienced. The corporate world is no different with many businesses facing impending closure at worst; and heightened uncertainty at best.

05 Feb 2020

Growth spurs six senior appointments at Baker Tilly Staples Rodway

Reflecting strong growth across the business in recent years, we have appointed six new directors to boost our senior leadership team.

02 Jul 2019

Safeguard your business from fraud and theft

28 May 2019

Review of the Charities Act Accumulation of Funds

31 Mar 2019

Accounting standards: The latest (and greatest) changes

There’s a first time for everything and that includes two new accounting standards which will soon affect many financial statements.

20 Feb 2019

Current Requirements Imposed on Incorporated Societies

19 Dec 2018

New Zealand Charity Reporting Awards 2019

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