When starting or operating an NDIS business, there is a need to stay within compliance with the National Disability Insurance Scheme (NDIS) standards. Perhaps one of the best means of doing this is by performing regular audits. Audits help guarantee that NDIS service providers are up to quality and safety standards. But with all those audit services on offer, you might be tempted to try to find the lowest-cost NDIS auditor if you’re on a tight budget. But how do you make sure cost does not compromise quality? Here is how to get the cheapest NDIS auditor while maintaining quality to ensure your business is compliant and efficient.
Understanding NDIS Audits and Their Importance
Before we discuss how to get the best value auditor, let’s learn about NDIS audits and why they are necessary. An NDIS internal audit comprehensively examines your business processes to ensure compliance with NDIS practice standards. It identifies gaps and enhances practices before an external audit.
In addition to the internal audit, providers also have to process NDIS mid-term and NDIS renewal audits. These are necessary for ensuring compliance at different points of registration. Mid-term audits are conducted halfway through the registration period; renewal audits are required when renewing your NDIS registration. Both audits are essential for maintaining your business certification and ensuring continuous service delivery under the NDIS.
How to Find the Cheapest NDIS Auditor Without Sacrificing Quality
1. Look for Specialised NDIS Auditors
When looking for the most affordable NDIS auditor, one with experience dealing with NDIS regulations and requirements that providers should adhere to is worth considering. NDIS auditors who specialise in NDIS will best understand the demands of the NDIS Quality and Safeguards Commission. Although you might find general auditors who charge lower fees, they might not be as experienced with the details of NDIS registration, internal audits, and renewal procedures. It might result in expensive oversights in your audit report.
2. Consider the Range of Services Offered
A quality NDIS auditor performs the audit and gives valuable recommendations for enhancing your internal processes and compliance with regulations. Choose auditors who also provide other services, like NDIS provider consultant sessions or workshops, to give you a better appreciation of the outcomes of the audit and how you can make changes. Although these services will be more expensive in the short term, they will save you money in the long term by preventing repeated audits and compliance problems.
3. Check Reviews and References
The most vital step in locating a cheap yet quality auditor is verifying their reputation. Ask for reviews or recommendations from other NDIS providers who have experienced their services. A good auditor should have good feedback from clients who were pleased with their audit reports and the value they gained. Verifying their credibility and track record will allow you to avoid employing an inexpensive auditor lacking the needed expertise.
4. Evaluate the Auditor’s Level of Support
Consider the level of support the auditor will provide throughout the process. Some auditors offer more hands-on support and are available to answer questions or provide guidance on implementing audit recommendations. If you’re new to the NDIS system, having an auditor for ongoing support can be priceless. They can guide you around potential pitfalls and ensure your audit improves operations.
Conclusion
Getting the right auditor at a reasonable price is possible if you prioritise quality, experience, and support services. Although NDIS auditor cost will differ, getting value for money is essential. You can obtain an NDIS auditor who provides the best cost and quality for your company through extensive research, comparing prices, and reading reviews. Don’t compromise compliance; engage a qualified NDIS auditor who will guide you and keep you on track and in line with all regulatory standards.
Vertex Consulting and Compliance Group is ready to assist you if you’re looking to begin with NDIS audits or require professional guidance from an NDIS consultant. Call us today, and we will provide a free consultation and assist you through the audit process!
Read More: NDIS Internal Audit vs Mid-Term Audit: Key Differences and Purposes