Licensee financial reporting & audit coordination, client-money & trust compliance, accounting, tax & structuring, and compliance & AI advisory — delivered in-house by Local Knowledge Pty Ltd. One senior practice engineered to stand in for a whole compliance division, size for size. Built, not resold — and you own what we build.
Not accusations — diagnostics. If any of these give you pause, that’s exactly where a practice built around your licence earns its place.
Can your finance function reconcile AUM-based and performance-fee revenue to the licence reporting without a fire drill each year?
We build the reconciliations and working papers so FS70/FS71 and adequacy calculations are ready, not assembled in a panic.
Asset & fund managersWhen a principal asks what the whole group is actually worth and earning, can you answer across every entity in a week?
We consolidate the multi-entity structure and report it so the principal reads one clear picture, not twelve trial balances.
Family officesIf the regulator asked for last month’s trust-account reconciliation today, could you produce it and stand behind it?
We run the broking trust-account reconciliations and controls on a disciplined cycle, with an evidence trail behind every entry.
Insurance brokersIs your Best Interests Duty evidence something you could show an assessor, or a folder nobody has opened?
We map BID and conduct evidence to how your ACL business actually runs, and keep the credit reporting reconciled.
Mortgage & finance brokersAre your ongoing-fee consents, FDS and fee reconciliations audit-ready — or a quarter behind?
We keep ongoing-fee arrangements, consents and disclosures evidenced and current, powered by tooling built for advice firms.
Financial planners & advisersAre you buying a subscription to someone else’s compliance software, or building something the firm actually owns?
We build, we don’t resell. One senior practice engineered to stand in for a whole division — size for size.
Every licenseeThree delivered fully in-house. The one statutory audit that must stay independent, we coordinate end to end with a registered auditor — and carry everything that feeds it.
FS70/FS71 lodgements, financial-resource and adequacy requirements, ACL reporting — prepared, reconciled and coordinated end to end.
Learn moreCorporations Act client-money handling, insurance-broker trust accounts, reconciliations and controls health-checks — done properly and evidenced.
Learn moreRevenue recognition for commissions, trail, AUM and ongoing fees; entity and group structuring; Div 7A, R&D and family-office consolidation.
Learn moreBreach-reporting readiness, Best Interests Duty, DDO and ongoing-fee/FDS support — powered by the group’s own compliance tooling and AI systems you own.
Learn moreBuilt, not resold
Most firms bolt your licensee accounting and compliance onto generic templates, or resell someone else’s software with a logo on top. We do the opposite. We build the reconciliations, the controls, the reporting and the AI tooling around how your licence actually operates — and you own what we build. One senior practice, engineered to stand in for a whole division rather than resell a subscription.
The statutory AFSL/ACL audit itself we do not perform — that is arranged independently with a registered company auditor so independence is never in question. Everything that prepares, reconciles and coordinates that audit, we do in-house.
We don’t trade on hype — we point at the Act and the regulator. These are the regimes your reporting, your client money and your conduct actually live under.
Corporations Act 2001 (Cth), Chapter 7 — AFSL
The licensing, financial-reporting (FS70/FS71) and financial-resource obligations every AFSL holder is measured against.
National Consumer Credit Protection Act 2009 — ACL
The credit-licensing and reporting regime for mortgage and finance brokers and other credit licensees.
Corporations Act client-money provisions & broking trust rules
How client and insurance-broking trust money must be banked, kept separate, reconciled and reported — the ground under Pillar 2.
ASIC conduct obligations — breach reporting, BID & DDO
Reportable-situations reporting, Best Interests Duty and design-and-distribution obligations — the conduct spine behind Pillar 4.
Financial Services is the licensed-firm lane of the Local Knowledge group. Your accounting, tax, trust assurance and AI systems can sit alongside it — one team, one view of the numbers.
The full accounting, tax and advisory group behind this specialist practice.
General business accounting, tax and advisory for firms across Sydney.
Property, strata and commercial trust-money assurance — a separate audience, same discipline.
The AI-systems practice that builds compliance and reporting tooling your firm owns.
The questions we’re asked most — each grounded in the law and the standards.
Licensed firms across five lanes that share one spine — they hold an AFSL or an ACL, most handle client or trust money, and all answer to ASIC on reporting and conduct. That means asset and fund managers, family offices, insurance brokers, mortgage and finance brokers, and financial planners and advisers. The obligations differ in detail; the discipline behind them is the same.
No — and deliberately so. The statutory AFSL/ACL audit is arranged with an independent registered company auditor to preserve auditor independence. What we do is everything that feeds it: prepare and reconcile the licensee financial statements behind your FS70/FS71 lodgement, build the financial-resource and adequacy working papers, and coordinate the audit timetable so nothing lands late. You get a clean, audit-ready pack; the opinion stays independent.
Most firms bolt your compliance onto generic templates or rent you someone else’s software with a logo on top. We build the reconciliations, controls, reporting and AI tooling around how your licence actually operates — and you own what we build. One senior practice engineered to stand in for a whole compliance division, rather than a subscription you rent forever.
No. We are a CPA public practice and registered tax agent providing accounting, tax and compliance-support work, coordinating with independently licensed specialists where a matter needs it. Strong controls and reconciliations reduce risk to a reasonable level and make problems visible early — they are never a guarantee against every possible breach, and nothing here is legal or financial-product advice.
A confidential conversation with a CPA who works only with licensed financial services firms. No obligation, no product pitch.