Financial Auditing + investigative accounting
Financial auditing
Balance Corporation offers a range of financial auditing services including audits for superannuation funds, trust accounts, incorporated bodies and companies. We utilise a cloud-based system; Caseware, which assists in the completion of audits in a timely manner.
Christopher Falkingham FCA & FCPA, director of Balance Corporation Pty Ltd is a registered agent and SMSF auditor. Christopher is also qualified to examine Law Firms Trust Accounts and audit Real Estate and Accountants Trust Accounts. He has 47 years of experience in this field.
Auditing (noun):
The term ‘audit’ has been derived from the Latin term ‘audire’ which means ‘to hear.’ In early days a person had to listen to the accounts read over by an accountant to check them and was known as the auditor.
“An audit is an examination of accounting records undertaken with a view to establishing whether they correctly and completely reflect the transactions to which they purport to relate.”
Lawrence R. Dicksee
In the process of auditing, auditors can detect issues in the recording or operations of the business that could or may have led to loss or inaccurate recording of transactions. The auditor would then report these issues to the management of the business.
In the role of auditor and examiner, he specialises in auditing:
Insurance Brokers
Incorporated Associations
Law Firms Trust Accounts
Real Estate Agents Trust Accounts
Accountants Trust Accounts
Small Superannuation Fund regulated by the ATO
Investigative accounting
Balance Corporation also specialises in forensic accounting for a range of law matters. Investigative accounting is a combination of accounting and investigative techniques used to discover financial crimes. One of the key functions of investigative accounting is to explain the nature of a financial crime to the courts.
Christopher has written reports as an expert witness for the Law Courts for cases in relation to:
Family Law Matter
Deceased Estates Matters
Fraud
Loss of income and or business
Insolvency
Investigative accounting entails the use of tracing funds, asset identification, asset recovery, and due diligence reviews.
Business accounting + tax
Balance prepares and supports the accounting needs of sole traders, superannuation funds, trusts, businesses large and small. Balance Corporation is additionally qualified to prepare income tax returns for individuals, partnerships, companies, trusts and superannuation funds.
Company secretarial
Balance Corporation provides a registered address for companies, superannuation funds, and trusts. We ensure that clients are compliant with ASIC requirements and standards through the maintenance of a company’s register and secretarial records.