Audit Insights
Supporting you to achieve your goals
Lessons from Nanogirl Labs: building stronger social enterprises
The recent liquidation of Nanogirl Labs is a reminder of both the promise and the pressures of social enterprises in New Zealand. Balancing the heart of a charity with the discipline of a business is powerful, but also challenging. With stronger governance, audits, and planning, social enterprises can build the resilience they need to thrive.
How smart Incorporated Societies use audits to grow
Audits are often seen as a compliance task, something to tick off for funders or the rules. But for incorporated societies, they can do much more. A well-run audit builds trust, strengthens governance, and helps attract funding. With the right approach it becomes a strategic asset.
Inventory auditing – local expertise for global audit firms in New Zealand
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.
Transitioning from Tier 2 to Tier 3 financial reporting
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.
How to Avoid the Common Pitfalls of Not-For-Profits: A Practical Guide
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.
Not-For-Profit Accounting: How to Perfect Your Budget
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.
