AMS Accreditation Requirement Detail

Requirement Name Financial Statements
Location Type
  • HE
Accreditation Type
  • GoStandard
  • GoGlobal
Requirement Language English
Type of Requirements Mandatory
Requirement Text Audited Financial Statements prepared in accordance with Australian Financial Reporting Standards which must include:
  1. Detailed Profit & Loss Statement
  2. Balance Sheet
  3. Notes to Accounts
  4. Declaration of Client Travel or Trust Account properly maintained according to the IATA criteria specified in 4.2, (here) signed by the Director(s) and certified by the auditor.
  5. Signed Auditor Independent Report (must include auditor’s Registration Number)
  6. Total Business Turnover (Gross Sales) must be clearly labeled and identified in the Audited Financial Statements.
  7. For Trusts with Incorporated Trustees: Audited Financial Statements for both Trust and Trustee together with the signed Directors’ Report for the Trustee.
  8. Company Composition (copy of ASIC Company Statement being evidence showing: company details including shareholders names, contact details and percentage share) if applicable.
  9. List Company Directors and contact details (if different from the ASIC Company Statement) if applicable.
  10. Provide latest 12 months of statement of international sales certified by your accountant.
  11. Advise Agent Financial Fiscal Year End Period
Please refer to Australia Financial Criteria