icon_what_we_do.png   WHAT WE DO

 

As a specialist audit firm, Assura performs a wide range of audits; whether they be standard audits required by regulation, specialist audits or investigations and reports for varying industries.

 

We’re the trusted “Name in Audits” because that is all we do. Our independence is uncompromised.

NOT FOR PROFIT AUDITS

 

The accounts of any person or organisation that holds authority to conduct a fundraising appeal must be audited annually by a registered company auditor. We have been involved in a wide range of audits for charities and community assistance based organisations.
 
 

 

 

ANCILLARY FUNDS

 

 

Private & Public Ancillary Funds
One form of charities within Australia is an ancillary fund. An ancillary fund is a legal structure that can be used to establish a tax-deductible foundation and is usually established and maintained under a will or an instrument of trust. An ancillary fund may be a private ancillary fund (PAF) or a public ancillary fund (PuAF). A PAF is a vehicle used for private philanthropy and by its very nature cannot conduct public fundraising activities. In a PuAF, the public must contribute to the fund and a majority of the trustee must be representative of the public. It is a common structure for community foundations within Australia. All PAFs and PuAFs are required to have their financial statements audited annually. A PAF and PuAF audit includes a financial and a compliance aspect to it. Assura has had considerable experience in auditing PAFs and PuAFs for a number of years.
 

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