Cybercrime and the risks associated with it are no longer the domain of big business only. As auditors, we see an increasing risk for small and medium-sized businesses (SMEs) and Not-For Profit (NFP) organisations throughout New Zealand. This dark and sinister turn of events shows us that having a clear cybersecurity plan in place is vital to protect the revenue, cashflow and digital assets for SMEs and NFPs.
From an auditing and accounting perspective, it is vital that all members of the organisation understand the duties of a treasurer and how to manage the organisation’s finances. In this blog, BVO Audit Director Alex Houghton shares the 15 tasks a treasurer must get very good at to run an effective not-for-profit organisation.
Not For Profit entities (i.e., Charities Services organizations) defined as large and as being either T1 or T2 entities are required to include a Statement of Service Performance (SSP). This article outlines this specific not for profit reporting requirement.
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