Month: February 2012


Segregation of Duties at your School

By Hayes Knight – 23 February 2012 This is a common conversation we have with schools in relation to the accounting function. It’s critical to have effective internal control because it reduces the risk of mistakes and inappropriate actions. Our team has put together a useful guide to help you work through this issue. Segregation […]

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Changes are on the horizon for Incorporated Societies

New Zealand has a large number of Incorporated Societies, over 23,000. Along with Charitable Trusts they make up the bulk of our not-for-profit sector in New Zealand. If your organisation is an Incorporated Society or you are a member of one then you should be aware of the reviews currently underway. These reviews are likely […]

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KiwiSaver Changes 2012

By Shelley-ann Brinkley – 16 February 2012 – 2 comments A number of changes have, and will be, taking place with KiwiSaver. So let’s recap and look at what is on the horizon. Since 1 June 2011, the Government’s contribution (known as the Member Tax Credit) has been reduced from $1 to 50c for each […]

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Use of grant funding by not-for-profit entities

Are you taking due care to use grant funding your organisation receives for the original purpose specified on application? If not: beware! Featured in the March 2012 issue of Fundraising NZ magazine As auditors we are increasingly being requested to independently report on whether organisations have used funds granted to them for the purposes that […]

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