For most churches it is a requirement of their constitution, their forming legislation and also the ACNC that they have an audit or review conducted every year. We assist more than 50 churches each year to meet this requirement, including some of the largest churches in the state.
Auditing of a church requires an understanding of the special taxation rules and other legislation that applies in the church context. Our experience in this area allows us to conduct our work efficiently and effectively, as well as allowing us to comment on best practice internal controls and how your church can improve its accounting processes.
During these audits, in addition to the financial information, we check compliance with applicable laws and regulations, internal controls on funds management and banking, application of fringe benefits laws, and more. If you are a church and would like us to provide some insights on financial, tax or any other regulations, please feel free to contact us.