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Audit – Charities and not-for-profit organisations

Small charities

Total revenue less than $250,000
No review or audit of financial statements required unless required by governing documents or directed to by a member or external party.

Medium charities

Total revenue greater than $250,000 and less than $1m
The organisation can choose to have financial statements reviewed or audited from the 2014 year if not already subject to review or audit requirements.

Large charities

Total revenue greater than $1m
Financial statements must be audited from the 2014 year if not already subject to audit requirements.

Peter Shields's Articles

Big effort for all as we raised funds for Summer Foundation

Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium charities Total revenue greater than $250,000 and less than $1m The organisation can choose to have financial statements reviewed or audited from the 2014 year […]

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Charity inFocus

Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium charities Total revenue greater than $250,000 and less than $1m The organisation can choose to have financial statements reviewed or audited from the 2014 year […]

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NFP Fringe Benefit Tax

Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium charities Total revenue greater than $250,000 and less than $1m The organisation can choose to have financial statements reviewed or audited from the 2014 year […]

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NFP – Deductible Gift Recipients

Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium charities Total revenue greater than $250,000 and less than $1m The organisation can choose to have financial statements reviewed or audited from the 2014 year […]

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Income tax exemption

Small charities Total revenue less than $250,000 No review or audit of financial statements required unless required by governing documents or directed to by a member or external party. Medium charities Total revenue greater than $250,000 and less than $1m The organisation can choose to have financial statements reviewed or audited from the 2014 year […]

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