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Ashfords Audit and Assurance

Special Purpose Engagements

Assurance tailored to meet specific obligations.

Not every audit looks the same. Special purpose engagements are focused reviews designed to satisfy a defined requirement, often regulatory, legal, or contractual. Each demands a precise understanding of scope, methodology, and reporting.

These audits don’t assess an entire business. Instead, they verify that specific conditions have been met or that certain records are accurate and reliable. That makes efficiency and clarity essential — both in the process and in the outcome.

Special purpose audits rely on the technical ability of the assurance team. Clear documentation, a strong understanding of relevant standards, and careful execution are what ensure the results can be trusted.

"We have had such a great experience with Ashfords. Our circumstances were complex—we valued such open and regular communication. We will definitely use Ashfords again in the future."

Lisa
Ashfords Client

Ashfords Audit and Assurance — Special Purpose Engagement FAQs

Common Questions, Answered

What is an AFSL audit?

An AFSL audit assesses whether a licensed financial services provider is meeting its regulatory obligations under ASIC. It includes reviewing financial records, compliance frameworks, and reporting requirements specific to the licence held.

What is the purpose of a forensic audit?

Forensic audits are conducted when there is a need to investigate suspected irregularities, financial misconduct, or legal disputes. The focus is on uncovering evidence that can support internal investigations or external legal proceedings.

When is an insurance audit required?

Insurance audits are used to confirm that coverage accurately reflects the business’s current operations, exposures and risk profile. They help ensure premium calculations are correct and that coverage is neither excessive nor inadequate.

Meeting a specific reporting requirement is often just the beginning.

Tailored needs require a custom approach. Gain a clearer view of where further expertise can strengthen your organisation and support future decisions.

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Ashfords Accountants & Advisory acknowledges the Traditional Owners of this land, the Wurundjeri Woi Wurrung and Bunurong People, and recognises their continuing connection to the land and waterways. We pay our respects to their Elders past, present and emerging and extend this to all Aboriginal and Torres Strait Islander People.