Anthony Carafa
Director
Engaging an independent external audit team provides critical assurance that your financial statements and internal controls are accurately represented and compliant with accounting standards. This process not only helps shareholders, the Board, and business executives gain confidence in the integrity of financial reporting but also highlights potential risks, enhances governance practices, and strengthens overall control environments.
At MGI Dobbyn Carafa, we are proud of our external audit services, known for our deep dive rigorous approach. The external audit team at MGI Dobbyn Carafa will make it our business to get to know your business so that you get the very best results from the audit process. We will work with your finance team to ensure that your Board of Directors have complete confidence in the financial information being used internally and externally.
We pride ourselves on getting to know your organisation and how you operate so that we can deliver maximum value. We will cut through all the jargon and really help you understand what can be done to improve your business operations, internal systems and processes. We always strive to ensure that your expectations are not only met but exceeded. By partnering with us, you gain a valuable perspective on your financial operations, helping you to make informed decisions and maintain confidence in your financial reporting.
Our auditors are continuously updated with the latest industry standards and regulatory changes, ensuring that their assessments are both accurate and relevant. This rigorous training equips us to provide you with insightful and practical advice, helping you navigate complex financial landscapes with confidence.
Our cloud-based approach to external auditing harnesses the power of advanced technology to streamline the auditing process. By automating routine tasks and leveraging sophisticated software, we minimise manual data handling and reduce errors. This technological edge allows us to focus more on in-depth analysis and strategic recommendations, delivering timely and precise audit results that add real value to your business.
We have clients which have stayed with us from the inception of our firm due to the quality and value provided to them. We monitor client satisfaction by asking for direct feedback during and post the audit once the audit has been signed off. Usually, any expressed dissatisfaction can be handled and rectified in the initial stages of the job.
Every external audit is subject to ‘primary and secondary checks’ by a reviewer and our audit partner, respectively. In addition, we hold an AFSL license, and our organisation and our policies and procedures are audited/reviewed every financial year.
Our external audit service provides an independent, expert evaluation of your financial statements, ensuring accuracy and reliability. This enhances the credibility of your financial reports, giving stakeholders, investors, and regulatory bodies confidence in the integrity of your financial information.
We specialise in identifying and assessing potential financial risks and inefficiencies within your organisation. Our detailed analysis not only helps in mitigating risks but also offers actionable recommendations to address any weaknesses in your internal controls and financial processes.
Our auditors receive continuous professional development and training. Our team of highly trained auditors brings extensive industry knowledge and expertise to every audit engagement. We stay updated with the latest regulatory changes and best practices, ensuring that our insights and recommendations are both current and relevant to your specific business context.
By thoroughly examining your internal controls and accounting systems, our external audit service helps in strengthening these controls. We identify areas for improvement and provide guidance on enhancing your governance practices, which reduces the likelihood of errors and fraud.
Our rigorous audit process ensures that your organisation adheres to all relevant regulatory requirements and accounting standards. This not only helps in avoiding compliance issues but also improves your overall governance structure, supporting better decision-making and accountability.
We take a personalised approach to each audit, crafting tailored solutions that address your specific business requirements and complexities. Our expertise allows us to adapt our audit techniques to fit your industry and organisational structure, ensuring that the audit process is both relevant and effective in providing valuable insights and recommendations.
Equipped with a team that has the experience and capabilities of a big firm, but maintaining our deep, personal connection is something we pride ourselves on. Our team are highly supported and we are conscious of wanting to keep our numbers small, but our value high.
We have a team of experienced professionals from a diverse range of backgrounds, highly qualified for every business need. Some of the qualifications our team possess include:
We take great pride in our customer service and the deep relationships we have with our clients and we are humbled to learn that our clients feel the same way.
Much like client NPS®, we take great pride in our employee engagement and the deep relationships we have with our team as we support them on their professional journey.
Director
Director
Director
Senior Client Manager
Senior Client Manager
Client Manager
An external audit is an independent examination of a company’s financial statements by a third-party auditor to ensure accuracy, compliance with accounting standards, and adherence to legal requirements.
An external audit provides credibility to financial statements, helps identify discrepancies, and ensures compliance with regulations, which can enhance investor confidence and protect against financial mismanagement.
The frequency of external audits varies based on legal requirements, company size, and industry regulations, but many companies have annual audits to comply with regulatory standards and maintain transparency.
External auditors are responsible for assessing the accuracy of financial statements, evaluating internal controls, ensuring compliance with accounting standards, and providing an independent opinion on the financial health of the company.
To prepare for an external audit, a company should organise financial records, ensure accuracy in accounting, review internal controls, and address any issues or discrepancies before the auditor’s arrival.
Let us buy you a coffee to discuss your requirements.