Specialty / Audit + assurance
The audit file the regulator wants to see.
Audit and assurance work is auditable by definition. Marco Reid runs the engagement on rails — planning, walkthroughs, controls testing, substantive testing, going-concern, audit report — with every working paper hash-chained and every opinion signed by the responsible engagement partner.
Coverage by jurisdiction.
The statutes, the regulators, and the matter types Marco Reid handles for this specialty in each market.
New Zealand
Authorities
- ✓ISA (NZ) — auditing standards from XRB
- ✓Auditor Regulation Act 2011 — licensed auditors
- ✓FMA + External Reporting Board oversight
- ✓Companies Act 1993 + FMC Act 2013 audit requirements
- ✓PBE Standards for not-for-profits + public-sector
- ✓CA ANZ professional + ethical standards
What we cover
- ✓FMC Reporting Entity audits (FMC Act 2013)
- ✓Companies Act audits (s 196 + s 207)
- ✓Charities Tier 1–4 reviews + audits
- ✓Public sector audits (under OAG appointment)
- ✓Trust account audits (for law firms, real estate)
- ✓Special purpose audits + agreed-upon procedures
Common matters
Australia
Authorities
- ✓ASA — Auditing Standards (AUASB)
- ✓Corporations Act 2001 audit provisions (Part 2M.4)
- ✓ASIC Audit Inspection Program
- ✓Registered Company Auditor (RCA) requirements
- ✓ACNC for not-for-profits
- ✓APES 110 + APES 410 + APES 320 ethical + quality control
What we cover
- ✓Reporting entity audits (Corps Act 2001)
- ✓AFS Licence audits (RG 105)
- ✓ACNC audits + reviews (Tier 1-3)
- ✓Trust account audits (legal practice + real estate)
- ✓SMSF audits (the AU-specific moat — see /specialties/smsf)
- ✓Special purpose engagements + AUP
Common matters
United Kingdom
Authorities
- ✓ISA (UK) — FRC auditing standards
- ✓Companies Act 2006 — audit requirements + exemptions
- ✓Audit Regulation 2024 — ARGA replacing FRC
- ✓PIE (Public Interest Entity) audits — premium tier
- ✓Charity Commission audit + independent examination
- ✓ICAEW + ICAS + ACCA + AIA professional bodies
What we cover
- ✓Companies Act statutory audits + exemptions analysis
- ✓PIE audits + ARGA inspection compliance
- ✓Charity Commission audits + IE
- ✓Solicitors Regulation Authority (SRA) accountant's reports
- ✓Group audits + components
- ✓AUP + ISRS 4400 engagements
Common matters
United States
Authorities
- ✓PCAOB Auditing Standards (issuers)
- ✓AICPA Statements on Auditing Standards (non-issuers)
- ✓Sarbanes-Oxley Act 2002 — Section 404 ICFR
- ✓GAAS + GAGAS (Yellow Book) for government
- ✓Single Audit Act 1984 + Uniform Guidance 2 CFR 200
- ✓State CPA boards + AICPA peer review
What we cover
- ✓PCAOB issuer audits + ICFR (SOX 404)
- ✓AICPA non-issuer audits + reviews + compilations
- ✓Single Audits (federal grant recipients > $750k)
- ✓ERISA employee benefit plan audits
- ✓Yellow Book government engagements
- ✓Attest engagements + agreed-upon procedures (AUP)
Common matters
How Marco Reid helps.
Engagement planning + risk assessment
ISA 315 risk assessment automated from the prior-year file + industry benchmarks. Inherent risk, control risk, materiality, performance materiality calculated and documented. Engagement partner signs the planning memo.
Walkthroughs + controls testing
Process narratives generated from intake, key controls identified, walkthrough checklists, sample sizes computed (ISA 530 / AU-C 530). Deviations tracked, conclusions logged.
Substantive testing + sampling
Sample selection (MUS, statistical, judgemental), test of details + analytical procedures, exception tracking, projection of misstatements. All hash-chained in DocumentVersion + AuditLog.
Going-concern assessment
ISA 570 cash-flow modelling, debt covenant testing, management plan evaluation. Key audit matter drafting if material uncertainty exists.
Forensic intelligence overlay
Benford's Law on transaction data, ghost vendor detection, payment-splitting analysis (forensic moat shared with /specialties/forensic-accounting). Surfaces high-risk areas before fieldwork starts.
Audit report drafting + sign-off
Unmodified, qualified, adverse, disclaimer — drafted to ISA 700 / AU-C 700 / PCAOB AS 3101 standards. Key audit matters surfaced. Engagement partner signs through SignoffRequest queue.
Marco Reid is a workspace and tooling vendor. It is not itself licensed to practise. Every consumer-facing output passes through SignoffRequest and is approved by a credentialled practitioner in the relevant jurisdiction before release.
Audit work, on the same rails as the regulator's inspection.
When ASIC, FMA, FRC, or PCAOB walks in, the working papers + sample selection + sign-offs are already where they expect them. One signed export, complete file.