Australia provides a reliable, strong and safe market for business, investments and growth.
As with all foreign jurisdictions, there are compliance requirements, localised governance norms and financial management practices that promotes or inhibits success.
Any international investment should understand the history of governance, compliance and financial management practices as part of due diligence, while also reviewing go-forward practices and ensuring that these are fit for purpose.
Four key financial management practice due diligence items Australian investors should focus on include:
- People, processes, systems and information
- Finance business partnering
- External financial audit readiness
- Key legislative frameworks.
We can help by supporting an establishment (or review of) a fit-for-purpose financial management practices that give confidence in compliance within Australia in addition to clear and insightful information reported back to head office.
When supporting clients through the readiness process, BDO’s Financial Management Consulting team undertakes an efficient and detailed review of the organisation’s current financial management practices. We identify the gaps in audit and IPO readiness while developing a pragmatic, fit-for-purpose readiness action plan for your organisation. Contact us if you require any assistance.