The requirement for an annual audit is determined by the rules of the Cooperative and the Co-operatives Act 2009. All Cooperatives except for Small Cooperatives, have to appoint an auditor for the annual financial audit. A Small Cooperative may appoint an auditor if they so choose.
The audit process starts with obtaining a copy of your trail balance – we then select balances and transactions to test based on the size of the balances and the risk of misstatement involved, as well as to test that your control processes work appropriately. We also do some analytical procedures to ensure it all makes sense, read your minutes of meetings and other audit procedures as required by the audit standards.
Lastly, the financial statements are signed by the committee or board and we issue our audit report.
We have been auditing Cooperatives for over 40 years.
AMW has provided concise, clear and efficient services assisting us to develop accurate and robust systems leading to improved outcomes for our enterprises.
AMW have been carrying out independent audits of the Cunderdin Farmers Co-op for the last 20 years. They act with professionalism and extreme confidentiality.
Contact us today to learn how we can help you with your individual audit needs.
what our clients say
We have been using the audit services of AMW to complete our annual AFSL obligations for the last 5 years and would highly recommend their service to all, they are well priced, both practical and reasonable in their approach to small AFSL holders, and efficient at turnaround times.
AMW have been our preferred audit firm for SMSFs and other audits for many years. When I started Aver Group in 2004 we were looking to build a relationship with a like-minded professional auditing firm that understood the needs of Accountants.
We have always been impressed by the team’s expertise and understanding of auditing issues. They have a personal, proactive approach and are always available either via telephone or email.
The Principal/Director, B J Thomas, is approachable and is commercially minded. He is very professional and always gives clear advice in a prompt and efficient manner. His work ethic and personality has certainly been passed onto his team members and we have a great business relationship with the whole firm.
In summary, AMW are an impressive team which delivers on their promises and are stand out performers in the Auditing sector
AMW came to us highly recommended and have conducted our last two audits of the college’s financials. They are highly professional and have developed a good understanding of schools and their processes. Their team are a pleasure to work with. I have no hesitation in recommending AMW to other schools for the purpose of conducting an audit and the preparation of financial statements.