Audit Audit

Health and Safety Changes - are you prepared? Health and Safety Changes - are you prepared?

Some of the biggest changes in 20 years are about to take place to New Zealand’s Health & Safety Law. Do you know how these changes will affect you and your business and are you ready?

Risk in Charities and Not-For-Profits Risk in Charities and Not-For-Profits

Risk in any organisation is a big issue, albeit one that gets vastly differing levels of attention in New Zealand charities and Not-For-Profit entities (NFPs). From a fundraising perspective risk is often just viewed as the potential for loss of funding streams, however it is much more than that. The focus on risk generally will probably need to increase because New Zealand is likely to introduce a new Health and Safety at Work Act next year. Accordingly, we thought it worthwhile to take a look at the topic of risk in a broad sense.

I've seen the future and I like it! I've seen the future and I like it!

Over the next few years annual financial reporting is changing for charities and not-for-profit entities in New Zealand. This means different requirements, and given that change is generally painful at first; will it be worth it? And what result can we expect for most?

Charity and Not-For-Profit Update Charity and Not-For-Profit Update

There have recently been a few changes impacting charities and other NFP organisations in New Zealand. For the benefit of our readers involved in the sector, we summarise some of the key ones.

Greenpeace’s legal win – What it means for NZ Charities Greenpeace’s legal win – What it means for NZ Charities

On 6 August 2014 after 4 years of legal battles New Zealand’s Supreme Court has ruled in favour of Greenpeace being potentially able to register as a charity, and that a political purpose is not an automatic barrier to being considered a charitable purpose. Our country’s highest court has overruled the previous Court of Appeal decision and now confirms that campaigning organisations can potentially register as charities. We look at the background of this case and what it means for Greenpeace and New Zealand charities law.

Impacts of NZ's Financial Reporting Changes - who and how many are affected? Impacts of NZ's Financial Reporting Changes - who and how many are affected?

There has been huge change in financial reporting legislation in New Zealand in recent years. A direct result is different financial reporting and assurance requirements for different types of entities going forward. Hence it is useful to consider the new landscape in terms of how many entities have to do what in future.

MBIE sector research MBIE sector research

Is your business involved in any way in the food or beverage production? If so the recent industry reports from MBIE could be of value to you.

adopting new accounting standards for charities adopting new accounting standards for charities

New financial reporting standards are coming for registered charities. When do we have to apply them? When should we apply them? Should we adopt them early?

Budget 2014 - A Calculating Budget? Budget 2014 - A Calculating Budget?

In an election year, clearly there is a temptation of the incumbent Government to use the Budget as a tool to buy them votes. Announcements in the Budget that lean towards social policy and spending are sometimes then seen as having ulterior motives. Leading up to Budget 2014, the Government has continually stated the 2014 Budget would not be designed to buy them votes. Was that in fact the case, or did they end up slipping in a few sweeteners to help get them across the line at voting time?

Your organisation is at risk from Fraud! Your organisation is at risk from Fraud!

Hopefully that headline gets your attention. Sadly in our experience as auditors this statement is true. We are yet to find the perfectly protected organisation when it comes to fraud risk. However there are some basic things any organisation can do to help protect itself. This article looks at some expensive fraud lessons that other organisations have “paid for” so that your organisation may learn, benefit and hence stay safer.
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