ACNC Charity Audit – Quotes Due Dec 31 Annually

What is an ACNC Charity Audit?

An ACNC charity audit is a financial examination required for charities registered with the Australian Charities and Not-for-profits Commission (ACNC). The audit ensures that your charity's financial reports accurately reflect its financial position and that the organisation is meeting its governance and reporting obligations.

The ACNC regulates over 59,000 charities in Australia, and depending on your charity's size (small, medium, or large), different reporting and audit requirements apply. Large charities with annual revenue over $3 million must have their financial reports audited by a registered company auditor or audit firm.

ACNC Reporting Requirements by Charity Size

The ACNC categorises charities into three sizes based on annual revenue:

• Small charities (under $500,000): Annual Information Statement only – no financial report required unless requested by ACNC
• Medium charities ($500,000 to $3 million): Financial report required, can be reviewed (not audited) unless governing documents require an audit
• Large charities (over $3 million): Full financial report and audit by a registered auditor required

Many medium charities also require audits due to funding body requirements, state legislation, or their own constitution mandating annual audits regardless of ACNC thresholds.

Annual Reporting Deadlines

ACNC-registered charities must submit their Annual Information Statement within six months of their reporting period end date. For charities with a standard financial year ending 30 June, this means the deadline is 31 December annually.

Charities with a different reporting period (such as calendar year ending 31 December) have their deadline six months after their year-end. Your audit must be completed before you can submit your Annual Information Statement and financial reports to the ACNC.

How Much Does a Charity Audit Cost?

Charity audit fees vary significantly based on the organisation's size, complexity, and the number of funding sources requiring acquittal. Small to medium charities typically pay between $1,500 and $5,000 for a full audit, while larger charities with multiple programs and funding streams may pay $5,000 to $15,000 or more.

Through AuditLink, you can compare fixed-price quotes from multiple auditors who specialise in not-for-profit audits. This ensures you get competitive pricing while working with auditors who understand charity-specific requirements like acquittal reporting and DGR compliance.

What Auditors Examine

A charity audit examines several key areas:

• Financial statements accuracy and completeness
• Internal controls and governance procedures
• Grant acquittal compliance and restricted fund usage
• Related party transactions and conflicts of interest
• Compliance with charity's constitution and ACNC Governance Standards
• DGR (Deductible Gift Recipient) fund compliance if applicable

Get Your Charity Audit Quotes

Post your ACNC charity audit job on AuditLink for just $39 inc GST. Receive 3-6 fixed-price quotes from auditors experienced with charity compliance within 24-48 hours. Our 100% refund guarantee means you only pay if you receive quotes.