Auditing inventory in a different country comes with challenges. For international businesses with a presence in New Zealand, verifying physical stock, plant, and equipment for a remote subsidiary can be complex, costly, and time-consuming. Distance often creates obstacles. Sending staff across national borders is expensive, logistically challenging, and often impractical. That is where we come in.
If you are a small to medium-sized charity or incorporated society now is a good time to select which accounting standards for not-for-profit (NFP) reporting requirements may be right for your organisation. This is because these thresholds have recently changed and there is an opportunity for some Tier 2 organisations to move to more simplified Tier 3 financial reporting. The New Zealand External Reporting Board (XRB) recently set out new criteria for the threshold size of some reporting Tiers.
Not For Profit (NFP) organisations are integral parts of New Zealand society. However, they are often hindered from their mission by financial planning pitfalls. In this article, we have compiled 15 expert solutions to ensure that your NFP can focus on making bigger difference in our community.
Budgets lie in the centre of many accounting issues for not-for-profit organisations. Therefore, a well-structured budget can help your NFP stay on track, achieve its mission, and make a lasting impact. Check out our 10 top tips about how to achieve this.
One way to streamline not for profit reporting requirements is to be clear about the difference between audit services and reviews. This article shares the nuances between the two services.
The end of the financial year (EOFY) is an important time for not-for-profit organisations (NFPs) to review their financial performance, finalise their financial statements, and prepare for the upcoming year. Follow our 14 steps on how to approach you or your client’s financial not-for-profit financial reporting requirements for year-end.
Within the myriad of technical jargon that accountants and auditors frequently use is reference to the financial reporting tier structure. This blog looks at what these tiers mean in relationship to financial statements and audit requirements.
To help local businesses thrive and be more effective, Auckland businesses can draw on the support of various business associations and organisations. The Hōtaka ā-Rohe Whakapiki Pakihi or Business Improvement District (BID) Programme is run by Auckland Council. It is designed to support economic development, enhance security and advocate for the interests of Auckland businesses. Find out more about how BIDs support Auckland businesses.
A well-designed plan is crucial for effective fundraising for not for profit organisations. This plan can help an organisation build and sustain long-term relationships with donors, diversify its funding sources, and achieve its mission and objectives. Find out the 12 steps you need to know to develop a fundraising plan.
By identifying and mapping Stakeholder goals with your own, you can find common ground and leverage this to build stronger relationships that will benefit your organisation and theirs. Good stakeholder management is crucial to deliver the assurance that clients seek from their financial and audit service providers.
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