We can prepare or review aged care facility’s mandatory general purpose financial reports to ensure they meet all statutory obligations.

To be eligible for Conditional Adjustment Payment funding, approved providers must prepare general purpose financial statements (GPFS) which disclose residential aged care as a reportable segment, and have them audited by a registered company auditor.

 

In Australia, this means GPFS must be compliant with International Financial Reporting Standards (IFRS) and that the approved provider is considered as a reporting entity under the principles.

 

Our team has well-developed capabilities in both preparing and auditing GPFS for the senior living sector, although in some cases professional independence requirements dictate that no professional accounting firm can do both for one company.