SERVICES
INDUSTRIES
Welcome to
C&N Audit Services!
We are a team of audit and assurance professionals dedicated to exceptional service to our clients throughout Queensland, New South Wales, Victoria, South Australia and the ACT.
OUR VISION
Independent trusted audit and assurance services that make an impact, delivered through experienced people who truly care.
OUR VALUES
Independence
Trust
Impact
Care
What Our Clients Say
It has certainly been a massive effort from everyone to achieve this for us.
From both of us, a big thank you for your incredible patience, expertise and your professionalism in dealing with this complex engagement and stakeholders.
As I look back over the last few months and what we all had to deal with I am very proud to have worked with an incredible team that did not give up.
Thank you again for all your help bringing us back to legal standing in our audit status.
We really appreciate your hard work and excellent communication!
Board and management, on the back of a successful and streamlined audit last year with your Team, confirmed the continuance of your appointment as auditors
Thanks to the team for delivering the audit within the very tight timeframe!
MEMBERSHIPS AND CERTIFICATIONS
Industries Summary
We provide Services, but not exclusively, to the following industries:
SMSF Audit
An extensive background and experience in SMSF audit, with two qualified SMSF auditors, and one of those a recognised specialist in this field. The team has led the delivery of numerous SMSF audit engagements over many years, and works closely with many accounting and business services firms, taking care of their clients’ SMSF audit needs efficiently and to a high quality.
Not-For-Profit Sector
We have an extensive experience in the Not-For-Profit sector, with a third of our practice specialising in providing services to this sector. The leadership has a history going back to the mid 1990’s, specifically providing professional services to these organisations, or to the funding bodies. This has included:
- Governance, Risk, and Compliance
- Financial Statement Audits
- Assurance Compliance Reviews
- Funding Acquittals
- Capacity Assessments
- Program Design
- Appointment as Administrator of Indigenous Corporations under the CATSI Act 2006
The funding bodies involved have included State and Commonwealth Governments, as well as international organisations, such as the United Nations (numerous agencies), and international private sector donors.
This work has been conducted across Australia in urban, rural, and remote areas, as well as across Thailand, Myanmar, Laos, Cambodia, and Vietnam.
Financial Statement Audit Services
There is a range of key legislation for the regulation of companies, associations, co-operatives, registered organisations and other entities requiring audit of the financial statements. The legislation includes:
- Corporations Act 2001
- Australian Charities and Not-for-profit Commission Act 2012
- Corporations (Aboriginal and Torres Strait Islander) Act 2006
- Taxation Administration (Private Ancillary Fund) Guidelines 2019 (Taxation Administration Act 1953)
- Fair Work (Registered Organisations) Act 2009
- Co-operatives National Law
- Various State-based Associations Incorporation legislation
- Franchising Code of Conduct (Competition and Consumer (Industry Codes - Franchising) Regulation 2014)
We service the audit requirements of entities covered by the above legislation. Depending on the circumstances of each entity they may require to have prepared and audited:
- General Purpose Financial Statements - Tier 1
- General Purpose Financial Statements - Tier 2
- Special purpose financial reports
Trust Account Audit Services
There are a number of audit requirements relating to the regulation of trust accounts across various industries including:
- Real estate trust accounts
- Solicitor trust accounts
- Accountant trust accounts
- Project and retention trust accounts
We have an in-depth understanding of these in the context of their operation in Queensland and obligations under the following legislation:
- Agents Financial Administration Act 2014
- Legal Profession Act 2007
- CAANZ and CPA professional standards
- Building Industry Fairness (Security of Payment) Act 2017
In Queensland there are specific requirements imposed by the Office of Fair Trading on reporting to them in relation to trust accounts, other than those regulated by the Queensland Law Society and the Queensland Building and Construction Commission.
SMSF Audit Services
Each SMSF trustee (individual trustee or director of the corporate trustee) is responsible for the annual preparation and fair presentation of a financial report in accordance with the financial reporting requirements of the SMSF’s governing rules, the Superannuation Industry (Supervision) Act 1993 (SISA) and the Superannuation Industry (Supervision) Regulations (SISR). They are also responsible for compliance with key aspects of the SISA and SISR.
The SMSF trustee must have:
- The financial reports audited in accordance with the Australian Auditing Standards
- Their compliance with the following from the SISA and SISR audited in accordance with ASAE 3100 Compliance Engagements
We have in-depth specialist qualifications, skills, and experience in the delivery of these engagements for many Self Managed Super Fund's.
Grant Audit and Assurance Services
Numerous organisations in the not-for-profit sector as well as in industry receive grant or other funding under agreements with government. These often impose a range of obligations on the recipient in relation to use, financial reporting and audit or assurance. This may include:
- Special purpose financial reports associated with project income and expenditure, including an audit or certification of those reports
- Confirmation of the use of the funds in accordance with the terms and conditions of funding
We have extensive experience in assisting organisations in fulfilling these requirements.
Assurance, Review, and Internal Audit Services
Assurance Services
Often organisations are required to obtained an independent assurance or audit report around controls or compliance over a system, application, process or function. These may cover an opinion on:
- Design and implementation of controls
- Operating effectiveness of controls
- Legislative and regulatory compliance
- Contractual compliance
- Due diligence
We have extensive experience with the frameworks applicable for these which include:
- ASAE 3000 (ISAE 3000) Assurance engagements
- ASAE 3100 Compliance
- ASAE 3150 Assurance engagements on controls
- ASAE 3402 (ISAE 3402) Assurance engagements on controls at a service organisation
- ASAE 3500 Performance
We also partner with specialists where appropriate, undertaking the above assurance engagements specifically associated with SOC 1 and SOC 2 assurance engagements, applying the Trust Services Criteria for Australian entities and International entities.
Review Services
Often organisations may wish to have a limited review of financial information or reports. We have extensive experience in the various applicable frameworks for these reviews including:
- ASRE 2400 (ISRE 2400) Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity
- ASRE 2405 (ISRE 2405) Review of Historical Information Other than a Financial Report
- ASRE 2410 (ISRE 2410) Review of a Financial Report Performed by the Independent Auditor of the Entity
- ASRE 2415 Review of a Financial Report: Company Limited by Guarantee or an Entity Reporting under the ACNC Act or Other Applicable Legislation or Regulation
Internal Audit Services
The purpose of internal audit is to enhance and protect organisational value by providing risk-based and objective assurance, advice, and insight. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
We have extensive experience within the team with provision of internal audit services for the Government and Not-for-profit sectors, through out-sourced, co-sourced and specific project arrangements. This has encompassed strategic, tactical and operational functions across organisations and included:
- Strategic and annual risk based internal audit planning
- Assurance mapping
- Efficiency and effectiveness reviews
- Compliance reviews
- Maturity reviews
We use the International Professional Practices Framework (IPPF), which is the conceptual framework that organises authoritative guidance promulgated by the Institute of Internal Auditors (IIA), as mandatory guidance and recommended guidance.
Climate Active Audit Services
An increasing number of organisations are seeking to gain or maintain carbon neutral certification under the Climate Active Carbon Neutral Standard. There are various types of verification and audit that have to be applied against the various certifications.
- Verification engagements for certification against the Climate Active Carbon Neutral Standard for Organisations
- Assurance audits against the Climate Active Carbon Neutral Standard
We work extensively with organisations in the verification of their certification against the Standard. We partner with Carbon Intelligence Pty Ltd in the performance of assurance audits against the standard.
Financial Statement Services
We assist organisations meeting their statutory reporting obligations through use of our Agile ® technology. We can prepare financial reports for:
- Various statutory bodies for annual reporting
- General purpose financial statements for reporting to the QBCC
- Financial reports for grants and contract reporting
We have extensive skills and experience in these areas due to our in depth understanding of the various reporting requirements, which has been gained through previous audits.
Governance, Risk, and Compliance Services
Organisations are faced with a range of significant challenges to ensure they meet the ever-increasing complexity of operations, and legislative requirements and ensuring they maintain sound governance, risk and compliance frameworks.
We are able to apply our significant knowledge, qualifications and skills in ensuring organisations have sound governance, risk and compliance frameworks in place. We are able to assist with:
- Contract compliance health checks
- Legislative compliance health checks
- Due diligence preparation
- Advice to board and audit committees
- Board and audit committee independent appointments
- Internal audit services
Meet our People
C&N Audit Services has solid depth and experience across the team
Our leadership team is able to assist clients across the spectrum of audit and assurance needs, and is supported by a team of qualified experienced professionals
Peter Sheville
Director
- Exceptional business experience, locally, nationally and internationally
- Highly qualified and experienced across a wide range of audit, assurance, governance and risk disciplines
- Independent Chair and Member of numerous audit and risk management committees
- Demonstrable experience in leading high performing teams and exceptional client service
Amy Chen
Director
- In depth specialisation in SMSF audit, trust account audit and SMSF advisory
- Highly qualified SMSF specialist
- Solid record of business experience locally
- Demonstrable experience in client care and quality
- Professional business advisor and tax agent
Carolyn Rosetta-Walsh
Director
- Extensive assurance, risk and advisory experience across the public sector, private sector and not-for-profit sector
- Provides excellent client service, and leads the team to ensure that clients' experience exceptional value
- Has a demonstrated ability to build meaningful relationships, where she is quickly seen as a trusted advisor
- Deputy Chair and Independent Member of a number of audit, risk and improvement committees
Angela Zhao
Manager
- Excellent audit and assurance experience gained internationally and locally
- Dedicated and qualified professional, with excellent track record in client care
- Key leadership role in bringing our people together
- In-depth expertise in financial statement audit and assurance engagements
Thank you for your enquiry
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Privacy Policy
C&N Audit Services Privacy Policy
C&N Audit Services is committed to providing quality services to you and this policy outlines our ongoing obligations to you in respect of how we manage your Personal Information.
We have adopted the Australian Privacy Principles (APPs) contained in the Privacy Act 1988 (the Privacy Act). The National Privacy Policies (NPPs) govern the way in which we collect, use, disclose, store, secure and dispose of your Personal Information.
A copy of the Australian Privacy Principles may be obtained from the website of The Office of the Australian Information Commissioner at www.aoic.gov.au.
What is Personal Information and why do we collect it?
Personal Information is information or an opinion that identifies an individual. Examples of Personal Information we collect include: names, addresses, email addresses, phone and facsimile numbers.
This Personal Information is obtained in many ways including interviews, correspondence, by telephone and facsimile, by email, via our website cnas.com.au, from media and publications, from other publicly available sources, and from third parties. We don’t guarantee website links or policy of authorised third parties.
We collect your Personal Information for the primary purpose of providing our services to you, providing information to our clients and marketing. We may also use your Personal Information for secondary purposes closely related to the primary purpose, in circumstances where you would reasonably expect such use or disclosure. You may unsubscribe from our mailing/marketing lists at any time by contacting us in writing.
When we collect Personal Information, we will, where appropriate and where possible, explain to you why we are collecting the information and how we plan to use it.
Sensitive Information
Sensitive information is defined in the Privacy Act to include information or opinions about such things as an individual's racial or ethnic origin, political opinions, membership of a political association, religious or philosophical beliefs, membership of a trade union or other professional body, criminal record, or health information.
Sensitive information will be used by us only:
- For the primary purpose for which it was obtained
- For a secondary purpose that is directly related to the primary purpose
- With your consent; or where required or authorised by law
Third Parties
Where reasonable and practicable to do so, we will collect your Personal Information only from you. However, in some circumstances we may be provided with information by third parties. In such a case we will take reasonable steps to ensure that you are made aware of the information provided to us by the third party.
Disclosure of Personal Information
Your Personal Information may be disclosed in a number of circumstances including the following:
- Third parties where you consent to the use or disclosure; and
- Where required or authorised by law
Security of Personal Information
Your Personal Information is stored in a manner that reasonably protects it from misuse and loss and from unauthorized access, modification or disclosure.
When your Personal Information is no longer needed for the purpose for which it was obtained, we will take reasonable steps to destroy or permanently de-identify your Personal Information. However, most of the Personal Information is or will be stored in client files, which will be kept by us for a minimum of 7 years.
Access to your Personal Information
You may access the Personal Information we hold about you to update and/or correct it, subject to certain exceptions. If you wish to access your Personal Information, please contact us in writing.
C&N Audit Services will not charge any fee for your access request, but may charge an administrative fee for providing a copy of your Personal Information.
In order to protect your Personal Information we may require identification from you before releasing the requested information.
Maintaining the Quality of your Personal Information
It is important to us that your Personal Information is up to date. We will take reasonable steps to make sure that your Personal Information is accurate, complete, and up-to-date. If you find that the information we have is not up to date or is inaccurate, please advise us as soon as practicable so we can update our records, and ensure we can continue to provide quality services to you.
Policy Updates
This Policy may change from time to time and is available here on our website.
Privacy Policy Complaints and Enquiries
If you have any queries or complaints about our Privacy Policy please contact us:
Terms & Conditions
1. About the Website
Welcome to C&N Audit Services Website
The Website is operated by C&N Audit Services (ABN
C&N Audit Services reserves the right to review and change any of the Terms by updating this page at its sole discretion. When C&N Audit Services updates the Terms, it will use reasonable endeavours to provide you with notice of updates to the Terms. Any changes to the Terms take immediate effect from the date of their publication. Before you continue, we recommend you keep a copy of the Terms for your records.
2. Acceptance of the Terms
You accept the Terms by remaining on the Website.
3. Copyright and Intellectual Property
The Website, the Services, and all of the related products of C&N Audit Services are subject to copyright. The material on the Website is protected by copyright under the laws of Australia, and through international treaties. Unless otherwise indicated, all rights (including copyright) in the Services and compilation of the Website (including but not limited to text, graphics, logos, button icons, video images, audio clips, Website code, scripts, design elements and interactive features) or the Services are owned or controlled for these purposes, and are reserved by C&N Audit Services or its contributors.
All trademarks, service marks and trade names are owned, registered and/or licensed by C&N Audit Services, who grants to you a worldwide, non-exclusive, royalty-free, revocable license whilst you are a Member to:
- Use the Website pursuant to the Terms;
- Copy and store the Website and the material contained in the Website in your device's cache memory; and
- Print pages from the Website for your own personal and non-commercial use.
C&N Audit Services does not grant you any other rights whatsoever in relation to the Website or the Services. All other rights are expressly reserved by C&N Audit Services.
C&N Audit Services retains all rights, title and interest in and to the Website and all related Services. Nothing you do on or in relation to the Website will transfer any:
- Business name, trading name, domain name, trade mark, industrial design, patent, registered design or copyright, or
- A right to use or exploit a business name, trading name, domain name, trade mark or industrial design, or
- A thing, system or process that is the subject of a patent, registered design or copyright (or an adaptation or modification of such a thing, system or process).
You may not, without the prior written permission of C&N Audit Services and the permission of any other relevant rights owners: broadcast, republish, up-load to a third party, transmit, post, distribute, show or play in public, adapt or change in any way the Services or third party Services for any purpose, unless otherwise provided by these Terms. This prohibition does not extend to materials on the Website, which are freely available for re-use or are in the public domain.
4. Privacy
C&N Audit Services takes your privacy seriously and any information provided through your use of the Website and/or Services are subject to C&N Audit Services' Privacy Policy, which is available here on the Website.
5. General Disclaimer
Nothing in the Terms limits or excludes any guarantees, warranties, representations or conditions implied or imposed by law, including the Australian Consumer Law (or any liability under them) which by law may not be limited or excluded.
Subject to this clause, and to the extent permitted by law:
- All terms, guarantees, warranties, representations or conditions which are not expressly stated in the Terms are excluded; and
- C&N Audit Services will not be liable for any special, indirect or consequential loss or damage (unless such loss or damage is reasonably foreseeable resulting from our failure to meet an applicable Consumer Guarantee), loss of profit or opportunity, or damage to goodwill arising out of or in connection with the Services or these Terms (including as a result of not being able to use the Services or the late supply of the Services), whether at common law, under contract, tort (including negligence), in equity, pursuant to statute or otherwise.
Use of the Website and the Services is at your own risk. Everything on the Website and the Services is provided to you "as is" and "as available" without warranty or condition of any kind. None of the affiliates, directors, officers, employees, agents, contributors and licensors of C&N Audit Services make any express or implied representation or warranty about the Services or any products or Services (including the products or Services of C&N Audit Services) referred to on the Website. This includes (but is not restricted to) loss or damage you might suffer as a result of any of the following:
- Failure of performance, error, omission, interruption, deletion, defect, failure to correct defects, delay in operation or transmission, computer virus or other harmful component, loss of data, communication line failure, unlawful third party conduct, or theft, destruction, alteration or unauthorised access to records;
- The accuracy, suitability or currency of any information on the Website, the Services, or any of its Services related products (including third party material and advertisements on the Website);
- Costs incurred as a result of you using the Website, the Services or any of the products of C&N Audit Services; and
- The Services or operation in respect to links which are provided for your convenience.
6. Limitation of liability
C&N Audit Services's total liability arising out of or in connection with the Services or these Terms, however arising, including under contract, tort (including negligence), in equity, under statute or otherwise, will not exceed the resupply of the Services to you.
You expressly understand and agree that C&N Audit Services, its affiliates, employees, agents, contributors and licensors shall not be liable to you for any direct, indirect, incidental, special consequential or exemplary damages which may be incurred by you, however caused and under any theory of liability. This shall include, but is not limited to, any loss of profit (whether incurred directly or indirectly), any loss of goodwill or business reputation and any other intangible loss.
7. Governing Law
The Terms are governed by the laws of Queensland, Australia. Any dispute, controversy, proceeding or claim of whatever nature arising out of or in any way relating to the Terms and the rights created hereby shall be governed, interpreted and construed by, under and pursuant to the laws of Queensland, Australia, without reference to conflict of law principles, notwithstanding mandatory rules. The validity of this governing law clause is not contested. The Terms shall be binding to the benefit of the parties hereto and their successors and assigns.
8. Severance
If any part of these Terms is found to be void or unenforceable by a Court of competent jurisdiction, that part shall be severed and the rest of the Terms shall remain in force.