ACNC and Not-for-Profit Organisation Audits
IK Audit, Assurance and Advisory is experienced in delivering reporting services aligned with the requirements of the Australian Charities and Not-for-profits Commission (ACNC) Act, supporting compliance and transparency.
What is an ACNC audit?
An ACNC audit is an independent examination of a charity’s financial report to provide assurance that it has been prepared in accordance with the Australian Charities and Not-for-profits Commission (ACNC) Act. The audit opinion confirms whether the financial report presents a true and fair view of the charity’s financial position and performance.
In Australia, charities registered with the ACNC are generally classified based on annual revenue:
- Small charities – under $500,000
- Medium charities – $500,000 to under $3 million
- Large charities – $3 million and above
Reporting and audit requirements vary depending on size, with medium and large charities more likely to require a financial review or full audit.
How can we help
If you are a charity or not-for-profit organisation and would like to understand your reporting, audit, assurance, or compliance obligations, IK Audit, Assurance and Advisory can help. We assist organisations with ACNC reporting requirements, financial reporting, and audit and assurance services across Australia.
We provide independent assurance services for ACNC-registered charities, including:
- Audits and reviews of annual financial reports,
- Assistance with annual information statements
- Guidance on selecting the appropriate reporting framework and basis of accounting
- Support and guidance on financial statement preparation and compliance requirements
Our focus is to ensure compliance with ACNC requirements while also improving transparency, governance, and financial clarity for boards and stakeholders.
Ready to talk?
Whether you need an independent audit or strategic advisory support, we'd be glad to discuss your needs.