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Independent Acquittals & Attestations

Centium can independently review financial and operational controls to enable clients to attest compliance with the obligations imposed by funding agencies, regulators, and related government agencies.

Our expertise helps organisations demonstrate accountability and transparency by verifying that the necessary systems, processes, and evidence are in place to meet external reporting obligations. Beyond compliance, we offer insights into improving internal controls and governance, helping organisations strengthen their risk management frameworks.

How We Can Help

Centium specialises in providing acquittals and attestations across various sectors, ensuring organisations meet their compliance obligations. Our services include:

Grants & Expenditure Acquittals

We conduct independent reviews of grant funding and expenditure to ensure compliance with financial reporting requirements. This includes assessing whether funds have been used as intended and that supporting documentation is accurate and complete. All reviews are conducted in accordance with Australian Accounting Standards.

Reviews of Fiduciary Controls

Strong fiduciary controls are essential to maintaining financial integrity. We evaluate internal financial processes, identifying gaps and recommending improvements to reduce risks related to financial mismanagement and fraud.

Compliance Audits

We conduct independent compliance audits to verify adherence to industry regulations, funding agreements, Standing Directions and internal policies. These audits help organisations identify areas for improvement and maintain their reputational integrity.

DRIVES & VicRoads Audits

Centium conducts audits on behalf of regulatory bodies such as Transport for NSW and VicRoad, ensuring compliance with user access (e.g. DRIVES24) and related aspects of service level agreements. Our audits help organisations meet their legal and procedural obligations in transport-related activities.

Privacy & CCTV Audits

Privacy and data protection regulations require organisations to ensure appropriate handling and storage of personal information. Our audits assess CCTV usage and broader privacy controls, helping organisations comply with legal and ethical standards.

Data Analytics for Assurance

Centium leverages data analytics to enhance audit accuracy and uncover patterns that may indicate compliance risks. This approach provides deeper insights into financial and operational data, strengthening organisational oversight.

Why Choose Centium?

  • Independent and Objective Expertise – We provide unbiased audit opinions that enhance credibility with regulators and funding bodies.
  • Comprehensive Approach – Our team reviews financial and operational controls, offering practical recommendations for improvement.
  • Proven Track Record – Centium has extensive experience supporting organisations across government, corporate, and not-for-profit sectors.

Get in Touch

For expert support in acquittals, attestations, and compliance audits, contact Centium today. Our team is ready to assist with tailored solutions that align with your organisation’s needs.

Contact our qualified Acquittals & Attestations specialists today

FAQs

What is the difference between an acquittal and an attestation?

An acquittal is a financial report provided to funding bodies to demonstrate that funds have been used as intended. It typically includes supporting documentation such as invoices and financial statements.
On the other hand, an attestation is an independent confirmation that an organisation has met specific compliance requirements, often involving operational and governance controls.

Who requires acquittals and attestations?

Acquittals and attestations are commonly required by government agencies, regulators, funding bodies, and grant providers to ensure compliance with funding agreements and legislative requirements. They may also be requested by corporate boards and not-for-profit organisations to demonstrate financial accountability and governance better practice.

What happens if an organisation fails to meet its acquittal or attestation obligations?

Failure to provide accurate acquittals or attestations can result in funding being revoked, financial penalties, reputational damage, or legal consequences. In some cases, organisations may be required to repay funding or lose eligibility for future grants and contracts.

How often should compliance audits be conducted?

The frequency of compliance audits depends on regulatory requirements, funding agreements, and internal risk assessments. Some audits are mandated annually, while others may be required periodically or in response to specific incidents. Regular audits help organisations maintain compliance and identify risks before they become significant issues.

Can Centium help organisations improve their processes after an audit?

In addition to conducting independent reviews, Centium provides recommendations for improving financial controls, governance frameworks, and compliance procedures. Our goal is not just to assess compliance but to help organisations strengthen their internal systems and reduce future risks.

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