Access helpful tips and tools from the team at Gener8 Reviewing Solutions
A common question we get is whether an organisation’s financial statements need to be looked at and if so, which level of overview is needed - an audit or a review? Both give a level of assurance regarding the financial statements; however, the difference is the level of assurance, the type of report provided and the nature of the procedures. The table below outlines the differences between the two. Click to view / download.
Recently, Frank and Craig wrote an article for TONIC magazine where they expanded on how the audit landscape for Charities in New Zealand has changed over the past several decades. In it they explore what the current reporting rules are and how charities can remain compliant. You can read or download the article by clicking the box below.
The Charities Commission website is a great source of information. You can get to it by clicking the box below.
Donating money to approved organisations in New Zealand has tax benefits. The IRD have compiled a list of approved 'donee organisations', which you can find by clicking the box below.
The Department of Internal Affairs website has heaps of information about the AML/CFT Act and its 2017 amendment. You can get to it by clicking the box below.
Keep Our Money Clean
Reporting Requirements - Charities Commission
Lawyers Lagging in AML Compliance
This is an interesting article by journalist Diana Clement in the April 2019 edition of the Auckland District Law Society's LawNews. It states Lawyers in NZ (on the whole) are lagging behind when it comes to getting their AML procedures in place. Simply viewing a client's passport won't cut it anymore! Read it by clicking the box below.