Not-for-Profit & Charity Audits

If your organisation is deemed by the Australian Charities and Not-for-profits Commission (ACNC) to be a large charity your financials must be audited annually.

If your organisation is deemed a medium charity you may choose to have your financials reviewed or audited unless other audit requirements exist including a notice from the ACNC requiring an audit.

Small charities may also choose to have their financials audited, simply as a prudent management decision.

The table below shows how the ACNC define the size of a charity:

Category Annual Revenue
Small Charities less than $250,000
Medium Charities between $250,000 and less than $1million
Large Charities $1million and above