Charity audit & review — prepared so it passes first time.
Medium charities need a review or audit. Large charities need an audit. We prepare the financial statements and working papers and deal with your auditor, so your treasurer doesn't have to.
Your charity's size decides what the ACNC needs.
The ACNC sorts registered charities into three sizes based on annual revenue. Your size decides whether your financial report must be reviewed or audited.
| ACNC size | Annual revenue | What the ACNC requires |
|---|---|---|
| Small | Under $500,000 | Annual Information Statement. Financial report optional — no review or audit required by the ACNC. |
| Medium | $500,000 to under $3 million | AIS plus a financial report that is reviewed or audited. |
| Large | $3 million or more | AIS plus an audited financial report. |
The AIS and financial report are due within six months of the end of your reporting period — 31 December for a 30 June year-end.
Other rules can still require an audit
Your constitution, a grant agreement or a state regulator can require an audit even when the ACNC doesn't. In NSW, a Tier 1 incorporated association (revenue over $500,000 or current assets over $1 million) must lodge an auditor's report with its annual summary — although from 1 April 2026, associations that are registered charities and meet their ACNC reporting obligations can generally satisfy NSW reporting through the ACNC. See incorporated association returns.
What we prepare
- Year-end trial balance, bank and GST reconciliations
- Grant income and restricted funds schedules
- Fixed assets, accruals, prepayments and payroll reconciliations
- Draft financial statements and notes, including related party disclosures
- Responses to auditor queries and processing of adjustments
We're not auditors. We prepare everything the auditor needs and work with your audit firm. If you don't have one, we can introduce you to firms we work with.
Last reviewed October 2026. General information only — not advice for your organisation. Rules change; call us to confirm how they apply to you.
Simple for the board. Done properly.
- 1
Confirm your size
We check your revenue, your constitution, grant agreements and state rules to confirm exactly what's required.
- 2
Prepare the file
Reconciliations, schedules and draft financial statements, packaged the way auditors want them.
- 3
Deal with the auditor
We answer queries and turn around adjustments, then help you lodge with the ACNC on time.
Audit & review — common questions.
What's the difference between a review and an audit?
A review gives limited assurance — the reviewer looks at whether anything suggests the financial report isn't right. An audit gives reasonable assurance and involves more testing. Medium charities can choose either; large charities need an audit.
We're a small charity. Do we need an audit?
Not for the ACNC. But your constitution, a funder or a state regulator might still require one. We'll check all three.
Can you do our audit?
No. An auditor must be independent of the people who prepare the accounts. We prepare the financial statements and working papers and liaise with your auditor.
Our books are a mess. Can you still help?
Yes. We start with a clean-up — bank recs, GST, payroll and grant splits — then prepare the file for audit. Quoted up front, fixed fee.
When is the financial report due to the ACNC?
Within six months of the end of your reporting period, together with your Annual Information Statement. That's 31 December for a 30 June year-end.
Audit coming up?
Let's get you ready.
15 minutes on the phone. No charge. Tell us your size, your auditor and your deadline — we'll tell you what's needed and give you a fixed fee.