Category Archives: Audits and Finance

New Charity Financial Reporting & Audit Requirements – An Opportunity For Alignment?

Craig Fisher of RSM Hayes Audit has just published an interesting article on the new financial reporting structure with which charities will have to comply.  The article starts: The biggest change in financial reporting in 20 years, and for many … Continue reading

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FINZ – 360 Degree Not-for-Profit Training Days 2015

THESE WORKSHOPS HAVE NOW BEEN COMPLETED View calendar of fundraising events for 2016   These Training Days aim to help smaller nonprofits and community organisations with limited budgets up-skill at a highly affordable rate. “These one-day events will help you learn … Continue reading

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Annual Returns for Incorporated Societies

Q: We are an Incorporated Society which is also a registered NZ Charity. To whom do we have to submit an Annual Return? You will have to report to your members as required by your rules. There is some confusion … Continue reading

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About the New Financial (XRB) Reporting Standards

Charities Services have updated their information about the new reporting standards. Other posts: Helpful Videos   Where are the new reporting format templates?

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Social Impact Bonds.

The NZ Initiative (A think-tank formed from the 2012 merger of the New Zealand Business Roundtable and the New Zealand Institute ) has published (2015) a report paper on the subject. The report “introduces the concept of SIBs, outlining its general strengths and challenges. The report … Continue reading

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Where can I find the new financial reporting templates?

Complete information about the Reporting Standards for Not-For-Profit Entities After 1 April 2015 is available from the XRB (External Reporting Board) website. There are a lot of links and documents on the above website and it can be difficult to locate … Continue reading

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Scary Time for Charities?

The New Zealand Association Resource Centre Trust has recently posted a blog article with the above heading. It looks at some of the implications of the new reporting standards with which charities will need to comply. One of these of … Continue reading

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I’ve registered my charity. What do I have to do now?

Q: I’ve registered my charity. What do I have to do now? A: We put this question to our consultant who has agreed to let us publish (with slight edits) the advice he passes to his clients once they are registered. … Continue reading

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New reporting standards – helpful videos and booklet for Tier 4 charities

Charities Services has produced three short videos about the new reporting standards for Tier 4 charities — that is, charities with annual operating payments under $125,000. The videos are based on workshops that began in early March and which will run until … Continue reading

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New statutory audit and review requirements

Recent changes to the Charities Act 2005 create statutory audit and review requirements for medium and large Registered Charities from 1 April 2015.   Read the full post on the Charities Services website Helpful videos and booklet for Tier 4 … Continue reading

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Update: Accounting Requirements for Registered Charities

Searching for information on the new accounting requirements for Registered NZ Charities? Try these posts on this site: Helpful Videos New Statutory audit and review requirements Workshops in 2015    

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Financial reporting for charities

Reporting workshops announced New reporting requirements for registered charities become mandatory from 1 April 2015. (See full details on the DIA Charities Services website here  (updated 2 April 2015)) See also Helpful videos and booklet for Tier 4 charities (updated 12 April 2015) Building … Continue reading

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