Checking everything twice.
An audit is so much more than a compliance exercise. It’s an opportunity to improve your systems and organisation.
Auditing is about trust, understanding – and most of all, diligence. The FAJ Auditing team has a long record of excellence in auditing results. But more than that, we offer you the opportunity to use every audit as a learning experience and an opportunity for improvement. And your FAJ Auditor will provide guidance throughout the entire process.
Finding the right registered auditor.
Having an audit is like going to the dentist – something almost nobody looks forward to, but is often just the remedy you need.
And, like finding the best possible dentist, it’s in your interests to find the best possible auditor. Because in the right hands, it’s a painless and ultimately highly beneficial process. The FAJ Auditing team has extensive experience in delivering all kinds of audits:
- Internal audits
- External audits
- SMSF audits
- Funding acquittal audits
- Not-for-profit organisations
- School audits
- Trust account audits
- Strata audits
- Variable outgoings audits
- Club and association audits
Whatever your need, whatever the state of your books and bookkeeping, the FAJ Auditing team has seen it all before, and we’re particularly skilled at unravelling complex and challenging paper trails.
The unexpected benefits of auditing.
Your audit may be a compliance issue, or perhaps to deal with specific issues like theft or losses. But what you probably don’t know is that an audit is like a performance tune-up for your business.
Most of our Auditing clients come to us the first time because they’re compelled by law, or they need to thoroughly examine their financial documentation to uncover discrepancies or even malfeasance.
They keep coming back because of the benefits our service delivers.
Our Auditing team can help you identify strengths and weaknesses in your systems, find ways to improve productivity and reduce costs, and give you the tools you need to build your success.
If we do identify inconsistencies, inaccuracies or omissions, we can help you rectify them, and show you how to make your systems more robust so they don’t recur.
Unlock accuracy, efficiency, and growth with our expert auditing services.
Not-for-Profit Organisations
We’re the NFP audit experts.
Annual audits are a part of running a not for profit organisation, whether it’s a service business, charity, club or association, strata company, foundation or community organisation.
Trust Account Audits
Looking beyond compliance in Trust Account auditing.
Any company or organisation that operates a trust bank account in which client or customer funds are held in trust, must have each account audited on an annual basis by a Registered Company Auditor.
SMSF Audits
FAJ is your ATO approved SMSF auditor.
Every year your SMSF needs to be professionally audited. The FAJ Auditing team is qualified to carry out your audit, with long experience in the SMSF field.
Why you should choose FAJ for your audit.
Daniel Papaphotis
Audit Partner
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Qualifications
Many audits are required to be performed by a Registered Company Auditor, an ASIC qualification that has become increasingly difficult to obtain. Our audit Partner, Daniel Papaphotis, is a Registered Company Auditor with years of audit experience.
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Experience
Together with taxation and other business services, FAJ has been providing audit services for more than 90 years. We're Fremantle’s biggest and most experienced auditors, with a large portfolio of long standing clients and strong relationships with regulatory bodies. Our 50 plus strong team consists of experienced people, most of whom have been with us for ten years or more.
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Value
Most auditing services are provided by CBD practices with big structures and high rents. They generally have a minimum fee level, which means small to medium organisations end up paying large organisation audit fees. We specialise in performing audits for small to medium entities at realistic cost, but we never compromise on the quality or thoroughness of our audit procedures.
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Value Adding
When we find errors or discrepancies we provide practical advice on ways to improve your systems and procedures. We can help you prevent these issues from recurring, and we pro-actively look for ways to assist in all other areas of taxation or business improvement.
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Reliability
Many organisations have reporting deadlines; AGMs, report printing, lodgements etc. Your FAJ auditors know your deadlines, and we don’t miss them. It’s as simple as that. Our audit administrator pro-actively schedules all audits well ahead of time, and you’ll be kept informed right through the process.
Have more questions? Our team is here to help—reach out to us today.
Frequently asked questions and answers.
For more in-depth information.
Have more questions? Our team is here to help—reach out to us today.
Find answers to common auditing questions.
Our first meeting is our opportunity to get to know you, your business or organisation, your financial affairs, and of course for you to get to know us. We will have a discussion about your business, it’s history, structure, ownership, trading and future opportunities. We will clearly explain the role we can play, and can give you an indication of costs.
Once you make the decision to appoint FAJ as your accounting or audit firm, we will prepare an engagement letter that sets out our respective obligations and expectations. From there we will contact your previous accountant or auditor as a courtesy and gather any information required for handover and change your details with the Australian Taxation Office or other regulatory bodies.
Please refer to our ‘contact us’ page for full details of where to park.
FAJ is Fremantle’s leading accounting and audit firm.
For individual clients - we prepare around 5,000 Tax Returns each year and have decades of experience. Unlike some of our competitors, our team members are experienced degree qualified accountants who specialise in tax. Each of them commits to regular training on current issues, provided by a firm that has been preparing tax returns since 1930. When you choose FAJ to prepare your personal tax return, you have peace of mind that your return will be prepared accurately, and that you will get every deduction you are entitled to.
For business clients - we aim to build a life-long relationship with you. Most of our team have been with us for decades, meaning you deal with the same accountant - someone who knows and understands your business. We can take care of your annual compliance as well as providing you with strategic planning and advice, or just acting as a professional sounding board. We are practical, caring, we think outside of the box and we love solving problems.
For audit clients - we go the extra mile to identify strengths and weaknesses of your organisation, determine ways to improve productivity and reduce costs, and give you the tools you need to build in your success. And we never miss a deadline.
For bookkeeping clients - we ensure that you have organised and up to date record keeping so that you can make informed decisions, and take the drama out of quarterly and year-end reporting. We understand and utilise the latest technology and systems to streamline data entry, saving you time to get on with growing your business.
Your SMSF audit must be completed before you lodge your fund’s annual return with the ATO. Typically, this is due by May 15 for most funds, but deadlines may vary based on lodgement history.
If you are a new client to our firm you will need to bring suitable proof of identity documents to your first appointment. See our FAQ in ID for new clients for more information.
For individual clients - please click this link for a downloadable list of information you may need to bring to your appointment. Please note that the list is not exhaustive.
For business clients - your accountant will advise you of the information we require to complete your engagement, but will often include access to your accounting software, certain expense invoices and bank statements.
For audit clients - our Audit Admininstrator will provide a detailed list of the information required from you for us to complete your audit.
An audit ensures your financial records are accurate, comply with legal requirements, and provide transparency for stakeholders. Some entities are legally required to undergo audits (either as legislated, as required by a regulatory body, or as prescribed by the organisations's constitution), while others choose them for added credibility and financial oversight.
Yes we do. If your your not for profit organisation, club, school or child care centre operates with the help of funding through grants or other mechanisms, a condition of the funding will require substantiation of the receipt and expenditure of the money. Our team can perform this as part of your annual audit, or we can arrange a separate audit if you prefer.
Our preference is to meet in person where possible as for many clients it results in a more personalised experience. However we are more than happy to consult via alternate methods including video, telephone, email or mail.
Through our years of experience auditing not for profits we have gained expertise in setting up charities and providing ongoing assistance, including all registrations and applying for deductible gift status.
We can audit an SMSF provided we have not been involved in the prepartion of financial statements. Where we act as the accountant for an SMSF, we can arrange for an audit to be conducted by an appropriate external auditing firm.
We provide independent auditing, financial statement reviews, compliance audits, internal audits, and risk management services for businesses, not-for-profits, government entities and self-managed super funds, including any audits that are required to be completed by a Registered Company Auditor.
Typical documents include financial statements, bank statements, invoices, contracts and payroll records, as well as view only access to your accounting software. We will provide a detailed list specific to your organisation prior to commencing the audit.
Yes, we specialise in audits of all not for profit entities including clubs for sports such as football, cricket, yachting, golf and bowls, as well as cultural and community clubs.
An SMSF audit is a mandatory annual review of your self-managed super fund’s financial statements and compliance with superannuation laws. It must be conducted by an independent, registered SMSF auditor.
Simply contact our team to arrange an audit. We’ll guide you through the process and ensure compliance with all ATO requirements.
The Australian Taxation Office (ATO) requires all SMSFs to undergo an annual audit to ensure compliance with superannuation regulations and financial reporting requirements. Failure to complete an audit can result in penalties.
Only an ASIC-approved SMSF auditor can conduct your audit. The auditor must be independent and cannot provide financial advice or prepare financial statements for your SMSF.
If your SMSF has compliance issues, the auditor will issue a management letter outlining the concerns. In serious cases, the auditor must report breaches to the ATO via an Auditor Contravention Report (ACR). Penalties or corrective actions may be required.
An SMSF audit includes two parts:
- Financial Audit: Examines the accuracy of the fund’s financial records.
- Compliance Audit: Ensures the SMSF complies with super laws, including contribution limits, investment restrictions, and pension rules.
Have more questions? Our team is here to help—reach out to us today.
Expert Insights on Auditing & Compliance.
Auditing is a specialist task, and legislative or practical changes and innovations can be critical to compliance and accuracy. Find the latest auditing news here.
When you’re counting on accuracy and insight, call FAJ Auditing.
Real results from real clients
"We cannot thank Daniel and the FAJ team enough for their outstanding support in helping establish our charity, Kai-Fella. With his support we were able to gain Deductible Gift Recipient (DGR) status through the ACNC, which has enabled our small grass roots charity to grow. This was a significant milestone, and Daniels’s expertise, attention to detail, and genuine commitment to our cause made the entire process seamless and stress-free."
Claire Eardley
Founder - Kai Eardley Foundation
"We’re happy to recommend FAJ as an independent auditor. Over a number of years they’ve provided an excellent service – timely, professional and very approachable. Their knowledge of our sector and our needs provides a level of confidence in our relationship."
Paul Mac Phail
General Manager – Country Arts WA
"Throughout our time working together, FAJ always conducted business with WAFIC with integrity and professionalism. They have been excellent advisors through WAFIC’s material financial reporting transition and financial restructure, to make the accounts more transparent and uncomplicated. "
Grace Zhou
Finance Officer – WAFIC
"We are happy to recommend FAJ to any business or company looking for outstanding advice. As a Fremantle company, they have made a major contribution to the South Fremantle Football Club through our partnership over many years. "
Stuart Kemp
CEO – South Fremantle Football Club
"Daniel Papaphotis of FAJ provided outstanding support in establishing our charity’s ACNC registration and DGR status. His professionalism, prompt responses, and high-quality drafting were critical to our success. As a retired lawyer, I highly value his expertise and recommend Daniel and FAJ without hesitation."
Joseph D'Alessandro
Chairman - Kenya Orphanage Charity