Trusted Internal Audit Services
Reducing Risk and Adding Value
Reducing Risk and Adding Value with Internal Audits
Internal audits play a crucial role in ensuring an organisation’s operations are efficient, compliant, and aligned with its strategic goals. They provide an independent and objective assessment of processes, helping to identify risks, strengthen internal controls, and enhance performance.
By proactively identifying potential risks and issues, internal audits contribute to transparency, accountability, and continuous improvement, ultimately supporting your organisation’s long-term success.
Public and Private Sector Services
Experienced Internal Auditors Strengthening Governance, Risk Management and Compliance
Internal audits are a structured way to evaluate and improve how an organisation operates. By reviewing financial processes, risk frameworks and day-to-day procedures, internal audit services provide assurance that controls are effective and resources are being used efficiently.
When integrated into regular business practice, internal audits create a cycle of accountability and continuous improvement that strengthens resilience across every level of the organisation.
Our qualified and certified auditors provide internal audit and assurance services designed to enhance governance, strengthen internal controls, reduce risk and achieve compliance. Our experienced team conducts in-depth assessments to identify inefficiencies, risks and opportunities, and deliver practical solutions that align with your organisation’s strategic objectives.
Our tailored audit solutions offer valuable insights to support informed decision-making and build resilient internal frameworks that contribute to long-term success through improved efficiency and lower risk.
We have extensive experience supporting government bodies, and the private sector, and are approved suppliers on various panels making it easier for you to engage us directly.
Internal Audits & Risk Management Consulting Panels
National Audits Group complies with the Institute of Internal Auditors International Professional Practices Framework (IPPF) and the Global Internal Audit Standards. We are approved suppliers on various government panels, including:
- Local Government Procurement (NSW): LGP218: Internal Audit and Management Consulting Services
- Local Buy (QLD/TAS): Prequalified Supplier Arrangement: Business Management Services (LB309)
- Local Buy (QLD/TAS): Prequalified Supplier Arrangement: Financial Management Services (LB310)
Testimonials
“Excellent service, with fantastic ideas on growth, control measures, and modernising company policy. They are a great team to work with. They keep impressing us with awesome ideas for uninhibited growth.”
Kelvin Williams
Challenger Views
“I have had the pleasure of working with NAG during various internal audit and management consulting engagements over the years. The level of reliability, integrity, and highly skilled staff, with outstanding local knowledge, has been valuable to Council operations.”
Brad Byrnes
Cabonne Council
“During the past 6 years, their expertise in local government and water authorities has been unmatched, ensuring efficient audits and offering valuable insights. Highly recommended for local government audit and risk management services. “
Aaron Drenovski
Goldenfields Water
“Griffith City Council has engaged National Audits Group for internal audit services since 2023 and has been consistently impressed with their professionalism, diligence and expertise. Their thorough approach to auditing has provided valuable insights, helping Council strengthen and enhance its systems and processes. Beyond their technical proficiency, the team at National Audits Group is highly supportive, offering practical guidance that enables continuous improvement. They are a pleasure to work with and have demonstrated a strong commitment to delivering high-quality services.”
Leanne Austin
Griffith City Council
Our Clients Include:
Key Contacts
Our growing team of 40+ certified internal auditors deliver expert & comprehensive audit services across Australia. Our pragmatic & approachable team is dedicated to providing tailored solutions that meet the unique needs of our clients.
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Frequently Asked Questions
What financial audit and other services does National Audits Group offer?
National Audits Group offers a comprehensive range of compliance audit and assurance services tailored to meet the diverse needs of our client base. Our primary services include:
- Financial Statement Audits – Performing comprehensive audits of financial statements to verify accuracy and ensure compliance with applicable standards.
- Self-Managed Superannuation Fund (SMSF) Audits – Delivering specialised SMSF audit services to ensure regulatory compliance while supporting trustees and advisors with clear and actionable insights.
- Internal Audits – Providing objective evaluations of internal controls, risk management and governance processes to improve operational efficiency, reduce risks, protect assets and achieve strategic goals.
- Compliance and Regulatory Audits – Conducting thorough compliance audits to ensure organisations meet applicable laws, regulations and industry standards with precision and reliability.
How is National Audits Group different from other audit firms?
National Audits Group specialises as an audit-only firm, providing truly independent and tailored audit solutions. We partner closely with accounting practices to deliver seamless assurance and support for their clients. Our focus on independence, collaboration and building strong professional relationships has established us as a trusted partner for accounting firms nationwide.
How do you ensure compliance in your financial audit services?
At National Audits Group, we ensure our audits help organisations meet their regulatory requirements by:
- Understanding Your Obligations: We start by identifying the laws, standards or frameworks relevant to your organisation and aligning our audit approach to address these requirements.
- Risk-Based Focus: We evaluate key risks associated with your compliance obligations and tailor our audit procedures to ensure these areas are thoroughly addressed.
- Thorough Assessment: Our audits involve detailed analysis and testing to evaluate how your organisation aligns with applicable requirements, whether financial, operational or compliance related.
- Clear Communication: Throughout the audit, we maintain open dialogue, providing insights and clarity into how our procedures respond to your compliance needs.
- Independent Opinion: We provide an independent, professional assessment tailored to the nature of the compliance audit. This assessment offers valuable assurance to stakeholders regarding the organisation’s adherence to relevant requirements.
By delivering tailored audit engagements and independent opinions, we help organisations navigate their regulatory responsibilities with confidence and assurance.
What is your process for conducting an external financial audit?
At National Audits Group, our audit process is thorough, collaborative and focused on delivering meaningful outcomes. Our focus is on building understanding, addressing risks and delivering audit results that not only meet compliance requirements but also provide valuable insights for your organisation.
Here’s how we approach each engagement:
1. Understanding Your Organisation:
We start by learning about your organisation—its purpose, operations and the people leading and managing it. This ensures our work is informed by a clear understanding of your organisation’s environment and operations.
2. Performing Risk Assessments:
We identify and evaluate key risks specific to your organisation to ensure we focus on areas of significance and importance.
3. Developing a Tailored Audit Plan:
Using the insights gained from our risk assessment, we design a tailored audit plan that addresses the specific operations and risks of your organisation.
4. Executing the Audit:
Our team carries out a thorough assessment based on the tailored audit plan, focusing on the key areas identified during the risk assessment. Throughout the process, we maintain open communication to ensure clarity, understanding and a smooth progression of the engagement.
5. Concluding and Reporting:
We provide clear and comprehensive findings, ensuring any matters reported are fully explained and understood. We take the time to guide you through the results, offering insights into the reports and their implications to foster clarity and confidence in the outcomes. Communication remains central to this process, ensuring your questions are addressed and you feel supported every step of the way.
Why a career with National Audits Group?
When you join National Audits Group, you’re not just joining a firm—you’re becoming part of a community that values excellence, collaboration and diversity. Our workplace fosters a culture of support and growth, where every team member is empowered to thrive personally and professionally.
We offer opportunities to work on impactful and meaningful engagements across a variety of industries, providing you with experiences that broaden your expertise and challenge you to grow. Our commitment to professional development includes tailored training programs, access to certifications such as CA or CPA, and mentorship from experienced professionals who are invested in your success.
Flexibility is at the heart of how we work. Whether through hybrid arrangements or accommodating individual needs, we ensure our team can maintain a healthy work-life balance. We also value innovation and strive to find new ways to approach challenges, enabling you to contribute your ideas and make a real difference in your role.
At National Audits Group, we believe that when we invest in our people, we build a stronger team and better outcomes for our clients and the communities we serve. Joining our firm is more than a career move—it’s an opportunity to be part of a forward-thinking, people-focused organisation that celebrates your achievements and supports your aspirations.
What is a financial statement audit?
A financial statement audit is a formal, third-party review of an organisation’s accounts to confirm that they present a fair and consistent picture of financial performance. It involves examining records, transactions and supporting documentation to verify accuracy and compliance with regulations.
This independent process gives boards, lenders and stakeholders confidence in reported figures, while also highlighting opportunities to refine reporting practices and improve governance standards across the organisation.
Why are accurate financial statements important?
Accurate financial statements form the foundation of accountability and trust in any organisation. They allow stakeholders to confidently assess financial stability, identify trends and evaluate future prospects.
When statements are reliable, businesses can attract investment and strengthen relationships with regulators and partners. In contrast, errors or omissions may undermine credibility and create unnecessary risk. Precise reporting ultimately safeguards reputation, supports growth and provides clarity for sound decision-making at every level.
What are the benefits of partnering with a specialist audit firm like National Audits Group?
Working with National Audits Group means choosing a firm dedicated solely to financial audit services, free from conflicts of interest. Our experienced financial auditors deliver tailored, pragmatic solutions tailored to meet your industry’s unique requirements.
While many external financial audit services go for compliance, we take it a step further by providing actionable insights that strengthen reporting, minimise risk and build stakeholder confidence. Our proven track record and a people-first approach allow us to make audits more supportive of your success.
Why are AFSL audits important?
AFSL audits are essential for businesses as they ensure licence holders comply with ASIC regulations, protect clients’ interests and maintain strong risk management practices. They provide independent oversight, holding businesses accountable for operating honestly and fairly, while also identifying weaknesses in compliance frameworks. Ultimately, regular audits build trust, safeguard investors and support the long-term sustainability of financial service providers.
Which types of organisations or industries benefit from compliance audits?
A comprehensive audit and compliance review benefits any organisation that operates within a regulated environment or manages stakeholder trust. This includes not-for-profits, government bodies, registered clubs and businesses with specific reporting or funding obligations. It’s also essential for entities handling client money, such as legal, financial and real estate professionals.
Beyond regulatory requirements, a compliance audit adds value by identifying control gaps and strengthening governance. It helps organisations demonstrate accountability, safeguard reputation and improve internal processes, making it a strategic step toward greater operational integrity and transparency.
How is your approach to compliance audits different from other audit firms?
At National Audits Group, our audit and compliance services deliver more than a report; they provide clarity, insight and confidence. Besides merely assessing your compliance, we partner with you to understand your operations, challenges and goals.
Our independence, audit-only focus and people-first approach set us apart. Every compliance audit is backed by innovative systems, transparent communication and experienced professionals who add genuine value beyond compliance. The result is a supportive audit process that promotes continuous improvement.
How long does a compliance audit typically take?
The duration of a compliance audit depends on your organisation’s size, structure and reporting requirements. Smaller audits, such as trust account or grant audits, can often be completed within weeks, while larger or more complex engagements may require several months from planning to final reporting.
From the outset, we establish clear timelines, maintain open communication and minimise disruption to your operations. By combining digital tools and experienced professionals, we complete your audit and compliance process with precision — delivering accurate results on time, every time.
Get in touch with our experienced, highly-qualified team to learn more about what we can do for you.