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Deciding if we need an audit

Organisations are required to undertake audits for a variety of reasons:

  • As directed by a regulator As directed by the governing documents such as rules or constitution
  • As directed by an external party (eg. as part of a banking agreement)
  • As directed to by members

The requirements for audit vary greatly depending on the type of entity your organisation operates through and the size of operations.

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NFP Fringe Benefit Tax

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Income tax exemption

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