Welcome to taxya, where we specialise in delivering comprehensive audit and assurance services exclusively crafted for not-for-profit (NFP) organisations. We recognise the heightened pressures on not-for-profits in today’s landscape – facing increased demand for services, evolving regulations, and rising expenses.
Our dedicated team of auditors in Sydney is equipped with the expertise required to navigate the distinctive challenges of not-for-profit audits. Our services cater to a diverse range of entities, including:
Understanding the dynamic environment in which not-for-profits operate, we acknowledge the unique needs and challenges they face. As a leading not for profit accounting firm, we tailor our approach to each engagement, working closely with organisations to gain a deep understanding of their operations, objectives, and risks.
For charities registered under the Australian Charities and Not-for-profits Commission (ACNC), differing levels of assurance are mandated based on their turnover.
As of 1st July 2022, reporting thresholds and reporting obligations have changed. The ACNC now defines small charities as those with an annual revenue of less than $500,000. These charities may not require an ACNC-mandated audit or review, with the regulator accepting an Annual Information Statement alone. However, exemptions may not apply universally.
Smaller not-for-profits might still require an audit based on their constitution or due to specific funding arrangements, which may necessitate providing acquittals or audited reports.
For medium and large charities, the ACNC requires your reports to be reviewed or audited by:
As a registered company auditor, we recognise the importance of aligning our services with the specific requirements of not-for-profit clients. Our commitment is to provide relevant and timely advice, ensuring that your organisation’s mission is supported with integrity and precision.
Whether you are navigating the latest regulatory changes or seeking tailored auditing services, we are here to uphold the highest standards of accountability for your charity or NFP audits. Should you have enquiries or wish to discuss your not-for-profit auditing and assurance requirements, our specialised team of Western Sydney-based auditors is ready to assist you. Feel free to contact us at 0450243033 today.
Please complete the form, providing your email address and/or phone number, and our team will reach out promptly.
