Audit in Cairns
Clear, Staightforward Auditing Assistance
At Eacham Accounting and Audits, we understand the importance of feeling confident in your financial reporting. Our audit services in Cairns support businesses, organisations, and not-for-profits with clear and reliable insights into their financial position. We know every client’s circumstances are unique, so we adapt our process to suit your structure, compliance needs, and operational goals.
Our approach is thoughtful and thorough. We work with you to review records, systems, and reporting obligations with care and attention to detail. Whether you're preparing for regulatory requirements or seeking internal clarity, our accountants aim to make the audit process as smooth and informative as possible. We focus on communication, so you always know what to expect and how things are progressing.
If you're looking for audit support in Cairns from a team that takes the time to understand your needs, reach out to Eacham Accounting and Audits at 07 4095 1499. In addition to Cairns, we service clients from the Tablelands, Cape York and the Cassowary Coast.
Reducing Stress, Maximising Clarity
Frequently Asked Questions
What is the purpose of a financial audit?
A financial audit provides an independent review of an organisation’s financial statements to ensure they are accurate and comply with relevant regulations. It helps identify errors or inconsistencies, assess internal processes, and provide stakeholders with confidence in the financial integrity of the business. Audits are often required for compliance, funding applications, or internal governance, and they can also highlight areas for improved financial management or operational transparency.
Who typically needs an audit?
Audits are commonly required for companies, not-for-profits, self-managed super funds, government-funded organisations, and businesses seeking external investment. Regulatory bodies or stakeholders may require audited financial statements to ensure transparency and accountability. In some cases, audits are mandated by law or funding conditions. Even when not legally required, many organisations choose to undergo audits to strengthen credibility, evaluate internal systems, and prepare for future growth or compliance obligations.
How often should an organisation be audited?
The frequency of audits depends on the organisation’s structure, industry, and compliance requirements. Some businesses are required to undergo annual audits, especially if governed by corporate law or funding agreements. Others may choose periodic audits based on internal goals or stakeholder expectations. Regular audits can help maintain financial accuracy, support informed decision-making, and ensure ongoing compliance with legal or operational standards, even when not strictly mandated.
How to Prepare for an Audit
Preparing for an audit involves careful organisation and clear documentation. Start by gathering all relevant financial records, including bank statements, invoices, receipts, payroll records, and tax filings. Ensure your bookkeeping is up to date and reconciled, as this will form the foundation for accurate reporting. Review your internal systems and controls to confirm they meet regulatory standards, and be ready to explain any unusual transactions or discrepancies.
It’s also important to ensure access to prior audit reports, if applicable, and any correspondence with regulatory bodies. Communicate with your team so everyone understands their role in the process and can provide timely information when needed. Creating a checklist of required documents and timelines can help keep the process on track.
Being prepared not only makes the audit more efficient but also helps you better understand your financial position. At Eacham Accounting and Audits, we take the stress and guesswork out of the process, working with you every step of the way to ensure everything is clear, organised, and tailored to your needs.
