Not-for-profit Audit

What is a not-for-profit Audit?

There are over 55,000 charities registered in Australia, and the financial statements of not-for-profits in Melbourne are reviewed and audited for a variety of reasons such as legislation obligations, funding provider’s requirements, or the need of the entity’s constitution or its stakeholders. This is to assure bookkeepers meet the criteria’s above.

All ACNC registered charities in Melbourne whose annual turnover is above $250,000 have to submit their financial reports within six months of the end of the fiscal year.

The companies which are limited by guarantee and are registered with the ACNC have to submit their annual reports generated by bookkeepers to the ACNC instead of ASIC.

Not-for-profit Audit

At Ax3 we have a dedicated audit division that specialises in solicitors not-for-profit audit. We work with firms and financial planners to provide easy and steam line audits and work with the firm to provide clients with the highest level of service, quality and cost-effective.

All our work is done in Melbourne, Australia with our registered Auditors. We strongly believe in working with fund admin, to ensure that the fund is protected and compliant. We tailor our processes and systems around your firm’s current process to make the audit process easy and streamline. We can offer a secure online portal to upload the documents or we can come onsite to your firm to conduct the audit.