Charities – a guide to financial reporting and assurance requirements

The focus of Part 1 of this guide is the statutory financial reporting and assurance obligations applicable to registered charities, as set out in the ACNC Act and the ACNC Consequential and Transitional Act and the accompanying financial reporting regulations.

The remainder of this section provides an overview of the ACNC and some other relevant considerations applicable to charities. Flowcharts providing a graphic representation of the financial reporting and audit/review requirements are provided in the appendices. A checklist (Appendix IV) is appended to this guide to assist registered charities ascertain financial reporting and audit/review requirements by the legal structures they may have in addition to those required by the ACNC Act. Additional fundraising legislation guidance (Appendix V) is also appended to this guide to assist charities understand the different fundraising reporting and auditing regimes across Australia that may be in addition to those required by the ACNC Act.

Part 2 looks at several key future developments which may impact certain charities in the near future.

Part 3 provides guidance on the relevant requirements applicable to CPA Australia members involved in the preparation of charity financial reports or those members involved in the conduct of audit/review of charity financial reports.