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.
Are you an overseas investor? Did you know that you may be required to prepare financial statements and have these audited? When investing into New Zealand, it is essential to be aware of NZ financial reporting and audit requirements.
The Incorporated Societies Act 2022 will bring new rules governing the preparation of financial statements in line with other not-for-profit entities, especially for smaller societies with an OPEX less than $2m.
