Audit.
Achieve regulatory compliance, identify potential risks & vulnerabilities.
Our services are designed to help you achieve regulatory compliance, identify potential risks and vulnerabilities, and optimize your business operations for maximum efficiency and profitability.
At ProYou Audit Pty Ltd, we understand the importance of trust and transparency in all business relationships. That’s why ProYou Audit Pty Ltd is committed to providing thorough, unbiased, and objective assessments of your organization’s financial and operational performance. We work closely with you to ensure that our services are tailored to meet your unique needs and objectives, and we provide clear and concise reports that help you make informed decisions about your business.
ProYou Audit Pty Ltd is staffed by a team of highly trained and experienced professionals who are dedicated to delivering exceptional service and outstanding results. We combine industry-leading methodologies with innovative technologies to provide you with the highest level of accuracy and precision.
We offer a range of audit services, including:
External Audits
Conducted by independent auditors, external audits provide an objective assessment of a company’s financial statements, internal controls, and compliance with relevant laws and regulations. These audits enhance the credibility of financial reporting, promote stakeholder confidence, and ensure compliance with legal and regulatory requirements. In Australia, certain companies are legally required to undergo external audits , while others do so voluntarily to demonstrate transparency and good corporate governance.
Operational Audits
Operational audits evaluate the efficiency and effectiveness of your business operations. Our auditors analyse your internal controls, processes, and procedures to identify areas for improvement. This type of audit can help you streamline your operations, reduce costs, and optimise your business performance.
Tailored Audit Solutions
In addition to the above, we also offer customised audit solutions to meet specific client needs. This may include reviews of specific financial statement areas, internal control assessments, and agreed-upon procedures engagements.
Compliance Audits
Compliance audits assess whether your business complies with specific laws, regulations (e.g. AFSL audits), and industry standards.
This can include areas such as taxation, environmental regulations, and data security (e.g. SOC Reports).
Compliance audits help mitigate the risk of penalties and reputational damage by ensuring your business operates within the required legal and regulatory framework.
Due Diligence Reviews
Due diligence reviews are typically conducted in the context of mergers and acquisitions . They involve a comprehensive review of a target company’s financial, operational, tax, and legal affairs to identify potential risks and liabilities. This information helps investors decide whether to proceed with the transaction.
Transition to Audit Environment
We help private businesses to transition to an audit environment. Whether due to good corporate governance initiatives adopted or covenant requirements from bankers and other stakeholders, our audit team understands how demanding this can be and will assist your team in creating a comprehensive governance and financial reporting strategy.
ProYou Audit Pty Ltd.
Charles Oosthuizen.
Director – Audit & Assurance
Charles is a seasoned professional with over 25 years of experience in public practice as a Registered Company Auditor and Corporate Advisor. He is a member of Chartered Accountants Australia and New Zealand and holds a post-graduate degree in Accounting and Auditing.
Throughout his career, Charles has gained valuable experience in Australia and internationally. In 2000, he played an instrumental role in transforming a small South African accounting practice into a national top 20 mid-tier accounting business after joining as a partner.
He then relocated to Australia in 2011, where he continued to make significant contributions to the growth of a suburban firm. As a partner, he led the audit and corporate advisory business with great success.
Currently, Charles leads ProYou Audit Pty Ltd, where he oversees a team of experienced professionals that provides a full range of audit and assurance services to clients across diverse industries. He is also a trusted Corporate Advisor, providing buy and sell-side transaction services to non-audit clients. Charles has built an extensive international collaboration network that enables him to access top-notch expertise for any assignment, thanks to his dedication to delivering the best possible service to clients. Charles is committed to working closely with investors, bankers, and non-bank lenders to structure the best opportunities and outcomes for advisory clients.
Overall, Charles brings a wealth of knowledge and expertise to the table, and he looks forward to partnering with you and your business.
Benefits of Audit Services
Investing in professional audit services from Pro You Audit Pty Ltd offers a range of benefits for your business, regardless of its size or industry. Here are some of the key advantages:
Increased Financial Reporting Accuracy
Audits provide an independent and objective assessment of your financial statements, ensuring they are accurate, complete, and comply with relevant accounting standards. This enhances the credibility of your financial information and increases stakeholder confidence, including investors, creditors, and regulators.
Risk Identification and Mitigation
Audits go beyond just reviewing your financial statements. Our auditors also assess your internal controls and risk management processes, identifying potential weaknesses and vulnerabilities. This allows you to take corrective action and implement measures to mitigate risks, preventing potential fraud, errors, and financial losses.
Improved Internal Controls
Strong internal controls are essential for safeguarding your assets, ensuring operational efficiency, and preventing fraud. Our audit process evaluates the effectiveness of your internal controls and provides recommendations for improvement. This helps strengthen your control environment and ensure your business operates smoothly and securely.
Compliance Assurance
Navigating the complex landscape of regulations and accounting standards can be challenging. Audits can help ensure your business complies with all relevant requirements, avoiding potential penalties, fines, and reputational damage. This provides peace of mind and lets you focus on running your business.
Enhanced Operational Efficiency
Audits can identify areas where your business processes and operations can be improved. By analysing your systems and procedures, our auditors can suggest ways to streamline operations, reduce costs, and optimise your business performance. This can lead to significant cost savings and increased profitability.
Increased Stakeholder Confidence
Audited financial statements assure stakeholders, such as investors, creditors, and business partners. This can improve your access to capital, strengthen business relationships, and enhance your company’s reputation.
Peace of Mind
Knowing that your financial reporting is accurate and your strong internal controls provides valuable peace of mind for business owners and managers. This lets you focus on strategic initiatives and growth opportunities, confident that your financial affairs are in order.
Investing in audit services is an investment in the long-term success of your business. By providing valuable insights, mitigating risks, and improving internal controls, audits can help you achieve your business goals and build a strong foundation for the future.
Audit Process
At Pro You Audit Pty Ltd, we follow a comprehensive and structured audit process to ensure we deliver high-quality and insightful audits for our clients. Our approach is tailored to each engagement, considering your business’s specific needs and circumstances.
Here’s an overview of the key stages in our audit process:
1. Planning and Preparation
The initial stage involves thorough planning and preparation. We work with you to understand your business objectives, industry, and specific audit requirements. We also gather relevant information about your financial systems, internal controls, and reporting processes. This allows us to develop a tailored audit plan and allocate resources effectively.
2. Understanding the Business Environment
We take the time to gain a deep understanding of your business environment, including your industry, competitive landscape, and key business processes. This context is crucial for identifying potential risks and tailoring our audit procedures accordingly.
3. Risk Assessment
We conduct a comprehensive risk assessment to identify and analyse potential areas of material misstatement in your financial statements. This involves evaluating your internal controls, business processes, and inherent risks associated with your industry and operations.
4. Audit Evidence Collection
Based on the risk assessment, we design and perform audit procedures to gather sufficient and appropriate audit evidence. This may involve reviewing documents, interviewing personnel, observing operations, and performing analytical procedures. We use various techniques to obtain reliable and relevant evidence to support our audit opinion.
5. Reporting and Documentation
Once we have completed our audit procedures, we evaluate the evidence gathered and form an opinion on the fairness of your financial statements. We then prepare a comprehensive audit report that outlines our findings, conclusions, and any recommendations for improvement. We also maintain thorough documentation throughout the audit process to support our work and ensure transparency.
Throughout the audit process, we maintain open communication with your team, keeping you informed of our progress and addressing any questions or concerns you may have. We believe in building strong relationships with our clients and working collaboratively to ensure a smooth and successful audit experience.
