J O’Connor Pty Ltd blog provides practical guidance on audits, reviews, governance, and financial reporting issues commonly faced by incorporated associations and community organisations.
Why Engagement Letters Matter
Engagement letters clearly define the scope, responsibilities, and independence of audit and review engagements, supporting good governance for incorporated associations and not-for-profit organisations.
Management Letters: Why Clients Don’t Understand Them.
A frustrated couple reading an audit management letter, highlighting common confusion around auditor findings, significance, and what really matters for financial reporting.
Transparent Pricing: How Fixed Fees Reduce Risk
A visual representation of comparing audit tenders fairly, showing the importance of understanding fixed fees versus estimated pricing to ensure transparent, like-for-like comparisons for community organisations.
Common Errors
When the numbers don’t add up, it can feel isolating. We’re here to help Queensland clubs and associations regain clarity, confidence, and calm — one step, one reconciled account at a time.
Why Auditors Must Stay Independent
Auditor independence protects your association and builds trust. Under the APES 110 Code of Ethics, auditors cannot prepare BAS, payroll or bookkeeping for the same organisation they review. Learn why this ethical rule ensures objective, reliable financial statements for community and charity committees.
Understanding Reviews and Audits
Not sure if your group needs a review or an audit? This short guide explains both in simple terms for Queensland community organisations and P&Cs.