Our Experience and Expertise

We understand the importance of having the right partner to provide the analysis and comfort you need to guide you through periods of growth, and to help you take advantage of opportunities to improve.

Our dedicated audit team are focused on delivering tailored audit and assurance services to support your decision making.

Our processes and protocols, honed by experience, consistently deliver effective, efficient and timely outcomes.

The Cutcher & Neale team will work closely with you to ensure that those outcomes support and enhance your business objectives.

 


 

 As a client of Cutcher & Neale, you will benefit from our:

  • Total commitment to ensure you meet your reporting deadlines
  • 'No surprises' audit approach with regular communication throughout the process
  • Independent observations on the effectiveness of your existing systems and processes
  • Risk based audit approach which considers all existing compliance and quality control activities within your organisation
  • The comfort of knowing that any recommendations for improvement are based on our practical experience with many organisations facing the same risks

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Audit Assurance

Audit Services

Our assurance services will provide the following outcomes:

  • Audit of systems and the annual financial statements in compliance with Australian Auditing Standards.
  • The audit will be completed on time and in accordance with an agreed audit and reporting timetable.
  • Attendance at audit committee meetings to discuss the drafted audited financial statements and audit thereof and management letters.
  • Meetings with the board or committee throughout the audit process.
  • Discussions and technical advice throughout the year relating to all financial matters relevant to your business and service model.

Financial Report 
Audit

Our financial statements audit approach (external audit) is delivered in staged approach addressing business risk, the effectiveness of internal controls, contract compliance and financial reporting.

We have developed and refined this approach through our experience in auditing a broad range of organisations.

Risk Management and Internal Audit

We have assisted Boards and Management teams by validating the existence and effectiveness of mitigation strategies as well as reviewing existing policies and frameworks.

Our experience with a wide range of organisations ensures our team are able to make recommendations that are practical and best fit your organisations’ own governance processes.

Internal Controls and Specialised Reviews

Poor internal controls and systems lead to increased risk to businesses. These risks can jeopardise performance, efficiency and financial output resulting in poor decision making processes.

From our extensive audit experience and a client base covering a wide range of industries, our audit and assurance team are well equipped to perform specialised reviews of your systems.

Our Segment Expertise

Not for Profit

Our team provides expert auditing, accounting , taxation, business and financial advice to a range of not-for-profit organisations across NSW. As specialists within the sector, we understand the specific challenges that are faced by NFPs and are dedicated to providing quality and personal service to ensure the audit process runs smoothly.

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Clubs & Hospitality

As Clubs and Hospitality specialists we understand the pressures and challenges facing the industry. With over 60 years of experience, our team have developed an intimate understanding of the Clubs and Hospitality industries' internal systems, risk areas and KPIs, and continues to maintain strong working relationships with the sector.

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Large Private Entities
& Family Business

We understand that owning a business takes work. That is why we strive to provide clear, practical strategies and advice to ensure there are no added financial stresses along the way. Couple with our operational and financial management assistance, our team can help you overcome any hurdle you may face.

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Banking &
Finance

In the current environment of regulatory change and scrutiny, we understand the challenges faced by increasing operational business risks and shifting community expectations in the financial services industry.


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Our Audit Process

We want to see your organisation succeed and accomplish its goals.
Partnering with Cutcher & Neale as your auditor is a step in the right direction.

Audit Plan, Strategy and Communication

Planning is critical. During the planning phase we undertake a high-level risk assessment and prepare and overview of the audit strategy. We spend time with your management team to understand any changes in policies, systems, people and significant transactions.

Our objective is to jointly set engagement scope and audit deliverables with our clients, to provide a clear outline of our risk assessment and focus areas and to communicate audit planning outcomes that are relevant to your Management Team and Board.

Outcome: Audit Strategy Letter & Audit Engagement Letter

Internal Controls & Systems Audit

We will review policy and procedure documentation and identify key controls on an end-to-end basis. We link operational and financial processes and design audit tests to assess compliance with governance policies and business rules. We report control gaps, inefficiencies or recommendations for improvement.

Outcome: Interim Audit Management Letter

Financial Reporting

Our audit team has extensive experience in financial reporting and the increasing complexity of accounting policy settings. Apart from ensuring compliance, our objective is for reports to be transparent and relevant to the expected end user of the reports.

Outcome: Financial reports that are relevant and transparent and in compliance with relevant Accounting Standards, laws and regulations.

Audit Completion

Our audit will be undertaken in accordance with Australian Auditing Standards and the relevant legislation (usually the ACNC Act). We prepare information requests, share checklists and documents electronically and securely and communicate regularly throughout the audit. Our close out meetings resolve any audit issues before preparing final reports.

Outcome: Efficient audit, compliance with Auditing Standards and clear reporting of outcomes.

Reporting

On completion of the audit we report to your Committee or Board of Directors addressing key elements of the financial statements including, the operating result, financial position and address material transactions undertaken in the audit period.

We will provide an overview of the scope of work undertaken and compare this to our audit strategy letter and relevant emerging issues for consideration in future audit periods.

Outcome: Final Audit Management Letter

Presentation and Completion

To conclude the audit process, we prefer to attend your Audit Committee or Board Meeting to present the audit outcomes and provide an overview of the financial report. We use this opportunity to communicate with the Directors, sharing our insights and answering any questions from Directors in respect of our audit observations. We attend Annual General Meetings to address the members and respond to questions on the financial report.

Outcomes: Strong professional relationships, independence, accountability and collaboration

Your Expert Audit and Assurance Team

Mark O'Connor

Partner

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Partner

Mark O'Connor

BCom, CA, CIA

Mark joined Cutcher & Neale in 1992 and has been a Partner since 2002.

He is a registered company auditor and has extensive experience in financial reporting, external audit, internal control audits, funding acquittals, IT audit and forensic accounting and is responsible for maintaining our audit strategy, compliance, audit templates and quality control systems.

Specialising in the not-for-profit, health services and registered charity sector, Mark leads many of the firms’ audit engagements and assists clients to improve corporate governance, financial reporting and costing systems for government grant funding.

Mark is also a Director of Mercy Services Limited, a ministry of the Sisters of Mercy Australia and PNG, a registered charity and provider of aged care, disability support, community transport and mental health services. Mark's appointment to this Board provides a valuable insight into operational risks and regulatory reforms faced by community organisations.

Mark also presents seminars on topics including financial reporting, regulatory reforms within the NFP sector and risk management.

Nick Nancarrow

Partner

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Partner

Nick Nancarrow

BCom, CA

Forming a collaborative working relationship with clients is a component of the audit process that Nick sees as being essential for understanding his client’s goals, effectively improving their overall business structure and in turn their bottom line. Ensuring that the Board and Management are working towards strategic goals and the business is moving forward.

Nick strongly believes in the value of the audit function for clients and is strongly committed, both personally and with his audit team, to providing extensive feedback and advice in respect to their key systems and controls. Strong controls improves governance and financial reporting throughout the organisation.

His broad experience in the club and hospitality industry and also not for profits, mining and manufacturing, coupled with his strong analytical skills have been invaluable when working with Boards and Management to implement risk management and business improvement strategies.

Nick’s experienced and technology focused team can also provide your organisation with a wide range of solutions.

Natalie Dobinson

Audit Manager

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Audit Manager

Natalie Dobinson

BCom, CPA

Natalie manages the provision of services to our NFP audit clients, researches industry changes and ensures our approach is in line with best practice.

She manages the audit process with a high level of involvement in the planning and review stages.

Natalie has been providing audit and assurance services to our clients for more than 20 years. Natalie’s expertise in the NFP sector, specifically those that are health care, membership based and charitable in their operations will be invaluable to the audit of your organisation.

Anna Janssen

Senior Advisor

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Senior Advisor

Anna Janssen

BCom, CA

Anna provides a high level of support to our audit team on technical matters such as accounting standards interpretation and audit standard compliance.

Anna is also strong in HR, payroll and related taxes and is the liaison between the audit team and other divisions within Cutcher & Neale such as our tax and business services divisions.

Daniel Ireland

Senior Advisor

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Senior Advisor

Daniel Ireland

BCom, Grad Dip CA

Dan started as a trainee at Cutcher & Neale in 2006, returned in 2015 after a brief stint in commerce. Dan specialises in systems audits focusing on internal controls and is also highly specialised with IT skills and the use of our CAATS audit software.

Dan’s role within Cutcher & Neale is now also focused on assisting both new and existing clients to improving the efficiency of operations through technology, as well as working with clients to develop sound financial reporting processes and commercial analysis. His strength lies in building and maintaining strong relationships with clients and in assessing internal controls.

Alyce Stones

Audit Supervisor

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Audit Supervisor

Alyce Stones

BCom, CA

Alyce joined Cutcher & Neale in 2007 and provides accounting and audit services to a broad range of clients. Alyce is across the latest technical developments in Accounting Standards and financial reporting.

An expert in compliance audits, Alyce has a strong knowledge of the Aged Care and RTO sectors and recent reforms in these areas.

Importantly, Alyce is responsible for implementing our audit strategy, compliance, and audit templates.

Jacob Medel

Audit Supervisor

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Audit Supervisor

Jacob Medel

BCom, CA

Jacob is a key part of our audit team providing services to NFP and Care sector clients, leading internal control review components and funding audits.

After starting his career in business services, he now specialises in the NFP sector and works closely with clients in health care and disability services. His strength is in understanding both commercial and compliance obligations within contracts, analysis of financial performance and in particular budget assumptions, cost allocation and service level based reporting.

Cameron Burns

Audit Senior

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Audit Senior

Cameron Burns

BCom, CA

Cameron is experienced in auditing NFP Education, Training, Health and Disability Services clients, leading internal control review components, charitable fundraising and grant audits.

He specialises in audit and financial reporting. Currently our lead auditor for independent school audits as well as some of our Registered Club audits provides knowledge of the financial and operational aspects relevant to community based organisations.

Ben McDonald

Audit Senior

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Audit Senior

Ben McDonald

BBus

Ben is a key member of the audit team, working closely with the firm’s Club & Hospital clients and assisting in servicing clients in the NFP sector. Ben’s detail-oriented nature and strong analytical skills have allowed him to identify key areas for the improvement of client systems and financial performance. 

Ben always presents professionally and brings a positive and personable attitude to the team which has resulted in the development of strong working relationships with clients and the audit team. Ben has also developed an intricate knowledge of the firm’s data analysis software which has led to more efficient and in-depth reporting on client’s internal control systems.

Ben’s proficiency in IT and cloud-based software has proved crucial in the recent turbulent business climate.

Club Mac

"Club Macquarie have had and continue to have a long term relationship with Cutcher & Neale. Both the board and management appreciate Cutcher & Neale's professional guidance and also the Club & Hospitality teams experience on all financial aspects of the club.

Their understanding of the club industry prove that they are industry leaders and the customer service and commitment that they demonstrate has consistently ensured that our club performs both financially well and meeting our member needs."

Livebetter

"The Cutcher & Neale team adapted a mix of onsite and remote audit to meet timing requirements.

Their 'can-do' approach sees them as a valuable business partner in a rapidly changing NFP business environment."

Parkes Services Club

Since Cutcher & Neale were appointed auditors of our Club for our 2014 financial year and beyond, both myself and the Board have been impressed with their professionalism and knowledge of the Club industry.

Cutcher & Neale were heavily involved in preparing a strategic plan and assisting us to refine our accounting processes which have both improved the Clubs financial performance greatly.

Nick Nancarrow and the Club & Hospitality Team provide a friendly and rewarding service that is efficient and focused on our key risk areas. Their constant communication with the Board allows us to remain informed and ensures that the distance barrier is not a concern.

We feel our Club receives a superior service offering from Cutcher & Neale and we have no hesitation in recommending their team to other Clubs.

Contact us

BRISBANE
36 Agnes Street,
Fortitude Valley, QLD, 4006
Australia

NEWCASTLE
130 Parry Street
Newcastle West , NSW, 2302
Australia

SYDNEY
20 Berry Street
North Sydney, NSW, 2059
Australia

PHONE
1800 988 522

EMAIL
cnmail@cutcher.com.au