For your compliance audits, collateral checks, your inventory or floor plan inspections, administrative compliance audits, phone 1300 966 103, email documents@theprivategroup.com.au, we do travel, just ring for a free quote, 24/7 inquiries online form.
Commercial Businesses generally operate on lines of credit, be it for expansions, tax purposes or to even out cash flow. With any form of credit come conditions. Audits are designed to confirm compliance with those conditions. The format used during an audit varies, depending on the objective, depth required, and time allocated. A desktop audit is conducted remotely, confirming entries and processes. This must almost always be followed up with a physical audit to confirm that the data entered truly reflects the current state. A collateral or floor plan audit is an attendance at the workplace, retail site or warehouse. It is a physical inspection to ensure that the type, volume and quality is as described by the debtor, and demanded by the creditor. For Primary Production it may be an aerial inspection, a muster, inspection of water points and fences or machinery and facilities.
