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.
Good Financial Records.
Schedule 5 of the Associations Incorporation Regulations 1999 (Qld) sets out the financial responsibilities of management committees. This summary highlights approval of expenditure and the requirement to properly record decisions in the minute book.
Auditor Prohibitions Explained
Auditor independence protects your organisation. Find out why auditors are prohibited from preparing BAS, tax returns and valuations, and when registered professionals are required.
Why Timely Financial Information Matters
Person checking a flight departure board at an airport, showing multiple destinations and departure times, symbolising the importance of timely and accurate information.
Why Questioning Financial Statements Matters
Infographics don’t replace judgment — good governance comes from discussion and questioning.