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As of 1 January 2022, all tier 1 and 2 not-for-profits will be required to report on their non-financial activities. This is a significant change in the reporting
landscape for these entities and presents an opportunity for these entities to be able to report on more than just the finances behind their operations.
The standard is very ‘high-level’ and this can be a challenge for entities wanting or needing more guidance to follow.
The session will help entities understand the concepts and requirements of the standard. The session will explore how to relate the concepts and
requirements to participant’s own entities and clients with in-depth analysis and examples.
The session will also highlight key hurdles to get ‘audit ready’ as service performance reporting will be required to be audited along with the financial statements.
Upon satisfactory completion of this activity you will:
- Have an in-depth understanding of the key concepts of the new standard;
- Be able to apply the concepts of the new standard to your own entity;
- Be able to articulate the ‘what to report’ and ‘how to report’ for your own entity; and
- Develop skills to exercise the relevant judgement required in applying the new standard; and
- Understand what is required to be ‘audit ready’.
Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)
The session will provide overviews of the issues for at least intermediate levels.
Targeted to preparers of tier 1 and 2 financial statements for not-for-profits both in industry and public practice.
Useful for readers of tier 1 and 2 not-for-profit financial statements to understand the broad concepts and the changes in reporting.
Paul Walker, Senior Manager, Audit & Assurance, Findex
Paul specialises in providing audit and assurance services and technical accounting advice across a number of industries. He is part of the wider
Australasian accounting advisory team and delivers training and practical solutions for our teams and clients. Paul has been with Findex since
2009 and has built up his knowledge working with clients from a range of industries and locations throughout New Zealand.
- 25 February 2021
10:00 am - 11:15 am