Other services that we offer include:
Internal controls and systems reviews
Accounting advice on new and revised accounting standards
Corporate governance reviews
Fraud investigations and forensic accounting
Body corporate services
Trust account audits
Grant acquittal audits
Expert witness & litigation support
Investigations, due diligence and forensic audits
Preparation of statutory financial statements
At Scott Partners, we strongly believe that independent auditors play a vital role in acting as a trusted intermediary between the providers of business information and the users of that information, which is why we are one of the leading auditing services in Melbourne.
THE CLIENT’S PROBLEM: A taxpayer lodged a tax return with income from multiple rental properties. The ATO reviewed the taxpayer’s tax return and concluded that the deductions were substantiated. However, the taxpayer did incur fees of $7,500 for professional services in relation to the cost of audit.
THE SCOTT PARTNERS SOLUTION: While lodging the tax return, the taxpayer purchased audit insurance through Audit Shield. When the forced audit was completed, the taxpayer filed a claim and as a result, Audit Shield covered the total costs of the incurred professional fees.
“I now understand that audit insurance is as important as covering yourself with other types of insurance. It helps protect you against unexpected expenses and I am lucky Scott Partners pointed this out to me.”