Global Audits Made More Convenient with Kreston Stanley Williamson
Our client is an internationally-known brand in the beauty industry.
Although this company is headquartered in the United States, its parent company is still based in Australia, and they are expanding their presence in Europe and Asia.
They are in need of an Australian firm with a strong international presence to conduct audits on their American operations and provide assurance for their global accounts. This requires an accounting firm with the ability to navigate the intricacies of a client that operates with a turnover of tens of millions of dollars worldwide.
What We Did
As proud members of Kreston International, the world’s 13th largest network of accounting firms, we maintain strong connections with our fellow member firms in Europe, Scandinavia, Asia, and the US. It’s worth noting that Kreston is also a member of the exclusive Forum of Firms, qualifying us to conduct transnational audits.
This enables us to seamlessly coordinate our client’s international audits each year, offering them a single point of contact for their convenience.
Prior to the onset of the pandemic, our experienced auditing team used to travel to the US twice annually to perform in-person audits of our clients’ American operations. While some other firms may delegate this task to junior staff, our philosophy prioritises having our best people on-site to swiftly resolve any issues that may arise.
In light of travel restrictions, we have harnessed sophisticated technology to carry out virtual audits, even encompassing complex tasks like stock assessments with their warehouses. If necessary, we can engage our American counterpart, CBIZ, to provide on-ground support.
Furthermore, we’ve gone beyond standard auditing by offering comprehensive advice on tax and advisory matters. We’ve strengthened their financial systems, advised on contract structuring, and even assisted in company valuations. It’s important to emphasise that all our actions adhere to stringent safeguards to maintain auditor independence.
In a rapidly evolving global business landscape, we are committed to consistently delivering added value to our clients.
What The Client Says
Read More Success Stories
Below are examples of how business owners overcame their main challenges to achieve the results they were looking for with our guidance and expertise.