Your not for profit auditor can be a great resource for your organisation – a firm that knows the sector well and is familiar with the types of income typically seen in NFPs will be more efficient in their audit work.
At Accounting For Good we always aim for a ‘no surprises‘ audit… and we are pretty happy with our track record of very few material adjustments across our client portfolio. Here are some hot audit topics.
It’s that time of year; audit season is fast approaching and for many not for profit accounting staff it can be an ominous time. But we have a few helpful audit tips that we think can alleviate some of the stress.
Audit requirements for not for profit organisations are driven by a number of factors. There are some common requirements between ACNC, ASIC and the State and Territory regulators, and the requirements vary depending on annual revenue.
We work exclusively with ACNC registered charities and Not For Profit organisations with a turnover of AUD$1 million or more. If your organisation seeks professional and customised accounting support and services, we’d love to hear from you. Complete the contact form and one of the experienced team members will contact you shortly.
If you want to establish a charity or NFP, please read our article “Thinking of starting a charity or NFP.” Accounting For Good cannot assist new entities or start-ups at this time.
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