Audit Costs

Fee Indication

The purpose of the following table is to give an audit fee indication.  Please note that the audit fee indication does not include assistance with drafting financial reports or preparing accounting schedules or reconciliations.  It is also important to note that these indicative prices are for financial statements and accounting systems that are:

    Applying generally accepted accounting practice.
    Are using a computer system for accounting
    Have completed bank and GST reconciliations
    There are minutes of a monthly governance meetings
    Have completed schedules of assets, debtors, creditors and loans
    Have prepared a statement of Accounting Policies and notes to the accounts.

 

SMALL MEDIUM LARGE
EMPLOYEES [FTE] < 2 3 – 10 >11
INCOME $100,000 $100,000 - $500,000 > $500,000
ASSETS <$50,000 $50,000 - $500,000 >$500,000
LOANS NIL 1 >1
Clubs with a bar – no Gaming $990 $1,000 - 3,500 > $4,000
Clubs with a Bar & Gaming $1,250 $1,500 - 4,000 > $5,000
Society / Church $650 $700 - $3,000 > $3,500
PTE – with Financial Viability $800 $900 - $4,000 > $5,000
Kindy’s $750 $800 - $2,000  
Playcentre’s $450    
Trust $700 $750 - $2,500 > $2,600

We would appreciate the opportunity to quote for your audit requirements and request that you provide more details of your organization in the Request for a Quote.

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