Since 2000, Ian Barfoot, a Director of CAAAS Audit Services, has specialised in audits and reviews of Not-For-Profit (NFP) entities incorporated under the Corporations Act and the Associations Incorporation Act.

 

CAAAS Audit Services NFP client base includes prominent licensed clubs, community clubs and sporting associations.  With the introduction of International Financial Report Standards (IFRS) in 2005 that have specific compliance requirements for NFP’s, the specialisation in this area became more pronounced.

 

CAAAS Audit Services has an in-depth understanding of IFRS and how it relates to NFP entities.  This knowledge has provided comfort to many NFP clients seeking confirmation of the accounting policies they have implemented or adopted.  CAAAS Audit Services is in regular contact with clients, keeping them informed of developments in Australian Accounting Standards (AASB's) and other legislation that may impact upon disclosures to members and other users of the financial report.

 

The ability of CAAAS Audit Services to identify weaknesses in internal control, a mandatory reporting requirement of the Australian Auditing Standards, has benefited Boards, all of whom have a primary responsibility to the ongoing maintenance of internal control.

 

CAAAS Audit Services is committed to providing a professional service that is conducted efficiently and cost effectively using well developed audit methodologies.  You can be assured that when you engage CAAAS Audit Services, you are selecting auditors with knowledge and experience in the Not-For-Profit sector.