It is with pleasure that Nexia Australia provides this 2023 Transparency Report for the benefit of our clients, prospective clients, regulatory bodies and our partners and staff.
This Transparency Report provides an overview on the structure of Nexia Australia and Nexia International and the governance framework in which we operate. In addition, this Report also outlines our quality control systems and the effectiveness of such systems, our quality control monitoring and our commitment to continuing professional education.
At 30 June 2023, Nexia Australia comprised the national network of 6 independent Chartered Accountancy firms located in 7 locations - Adelaide, Brisbane, Canberra, Darwin, Melbourne, Sydney and Perth. All firms are members of Nexia International, a global accounting and consulting network whose domicile is located in the Isle of Man.
Each of the 6 independent firms in Australia conduct statutory audits through their respective audit entities. The Sydney member, Nexia Sydney Audit Pty Ltd and our Perth member, Nexia Perth Audit Services Pty Ltd, are required by Part 2M.4A of the Corporations Act 2001 to provide specific information under the Act due to both firms conducting audits of 10 or more relevant entities. The remaining members of Nexia Australia have voluntarily included information in this Report in order that the national network is accurately conveyed.
It is imperative in our sector that all our Partners and Staff embrace the importance of quality in all our activities and it is pleasing to report that within Nexia Australia this goal is actively pursued and followed. Quality is not a measure at a particular point in time but it is a process which has to be continually repeated, monitored and where necessary improved.
In our case, quality service not only must meet this criterion in order to grow and sustain our business but also must meet the quality standards as set by our regulatory bodies and the broader business community.
This Report provides a clear message to Audit Committees and all our stakeholders of our commitment to quality and service that is a benchmark of Nexia Australia’s philosophy and success.
Finally, I would like to thank all our Partners and Staff who work tirelessly to achieve high levels of quality and service in order to meet the needs of our clients and regulatory authorities.
