Hello friends! Most of us are connected to different charities in Melbourne in some way of the other. And if you are one of those who wish to know about the laws of the country related to the not-for-profits, this blog post if just for you! Today, I will discuss the auditing law for non profits in our country.
There are almost 55,000 registered charities in Australia. And the ones which have an annual turnover of more than $ 250, 000 are liable to submit their financial audit report to ACNC (Australian Charities and Not-for-profits Commission). And the ones that are below the line are required to submit only the AIS (Annual Information Statement) and no other financial document. Read more here
https://www.agibookkeeping.com.au/auditing-not-profits-necessary/
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