Completed
Date

Thursday 16 December 2021

Time

12:00 pm

Duration

1.5 CPD Hours

Session Topic

Latest NFP and ACNC developments and insights

There are more than 600,000 not-for-profit entities in Australia.  It is important for preparers and auditors to know about recent developments, so that risks are identified and managed.

The Australian Charities and Not-for-profits Commission’s legislation and activities affect registered charities.  Many in the NFP sector view ACNC requirements as best-practice, and issues faced by charities often have relevance for other NFPs.

This session will focus on:

  •  NFP accounting standards update
  • Charity reporting thresholds revised
  • Compliance risks and fraud
  • Deductible-gift-recipient and fundraising reforms, and
  • NFP governance.
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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board. He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

 

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Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients. Carmen is the co-author of ‘Understanding and Implementing the Reduced Disclosure Regime’. Carmen is serving her third three-year term as a member of the AASB.