Ministry of commerce - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Mon, 25 Feb 2013 18:22:13 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Ministry of commerce - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Proposals on auditing charities revised https://cathnews.co.nz/2013/02/26/proposals-on-auditing-charities-revised/ Mon, 25 Feb 2013 18:30:35 +0000 http://cathnews.co.nz/?p=39906

A second discussion document from the Ministry of Commerce sets out new proposals regarding audit and assurance requirements for large and medium-sized charities. It follows a consultation on tentative proposals last year which indicated concerns that the requirements captured too many charities and that these charities were not resourced to meet the new demands. Under the new proposals, charities Read more

Proposals on auditing charities revised... Read more]]> A second discussion document from the Ministry of Commerce sets out new proposals regarding audit and assurance requirements for large and medium-sized charities.

It follows a consultation on tentative proposals last year which indicated concerns that the requirements captured too many charities and that these charities were not resourced to meet the new demands.

Under the new proposals, charities with operating expenditure of $1 million or more would be required to have an audit completed. Those with operating expenditure of $400,000 to $1 million could voluntarily obtain an audit or a review.

The Minister of Commerce Craig Foss says these revised requirements would apply to 3,150 of the 25,000 registered charities.

Submissions close 17 May 2013.

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Proposals on auditing charities revised]]> 39906