Überhöhte Prüfungs- und Beratungskosten durch mangelhafte Kontenabstimmung

Definition

Political parties and certain associated entities must have their financial statements audited under federal and state electoral legislation and, if structured as companies or incorporated associations, also under the Corporations Act 2001 and relevant state laws.[6] Audit methodologies require auditors to obtain sufficient appropriate evidence that bank balances and transactions are complete and accurate, which is normally supported by timely reconciliations. Where reconciliations are late, contain long‑standing unreconciled items, or rely on error‑prone spreadsheets, auditors must perform extra substantive testing and analytical procedures, increasing the hours billed. For medium‑sized entities with multiple bank accounts and tens of thousands of transactions per year, this can add 25–100 additional audit hours at typical Australian audit rates of AUD 200–AUD 300 per hour, equating to AUD 5,000–AUD 30,000 in incremental fees per year.

Why This Matters

The Pitch: Political organisations in Australia 🇦🇺 zahlen pro Jahr zusätzlich AUD 5,000–AUD 30,000 an Prüfungs- und Beratungshonoraren wegen ungeklärter Bankdifferenzen. Automatisierte Abstimmung und prüfungsfertige Dossiers reduzieren diese Mehrkosten deutlich.

Affected Stakeholders

Party treasurer, Finance manager, External auditor, Audit committee or governing council

Related Business Risks