This quarter we bring you an overview of key developments released recently for your attention. Of particular significance are the changes implemented by the ACNC to financial reporting thresholds. These changes may impact the decision making of smaller organisations considering an audit vs a review. We encourage you to consult with us to weigh up the benefits and value to your organisation for each of these options.
Other key themes continue to occur where organisations fail to comply with remuneration requirements and inadequate controls resulting in fraudulent activity.
Keep well in these turbulent times, please reach out if we can provide support in any way.