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.
The 5% Rule and Materiality
What is materiality in auditing and does a “5% rule” really exist? Learn how auditors use professional judgement to assess material misstatements, governance risks and financial reporting issues.
Internal Controls and Gift Cards
Learn why internal controls matter for ACNC charities using gift cards for emergency relief, including a sample gift card policy, fraud prevention tips, governance obligations and practical financial controls for not-for-profit organisations.