[wellylug] Very Important: Meeting of 13th Feb 2005

David Murray newslists at electronincantation.net.nz
Wed Feb 15 22:20:20 NZDT 2006


On Wed, 15 Feb 2006, Michael Bordignon wrote:

> Mark Foster wrote:
>
>> How much does it cost to engage an auditor to audit the yearly accounts?
>
> As far as I'm aware one of the few obligations as such is to send the IRD an 
> Annual Financial Statement, which can be created in something like MYOB. I 
> may be wrong about having to be audited, but it seems unnecessary for a 
> organisation such as WellyLUG..

My understanding, having been on a few committies over the years, is that 
all incorporated societies need to submit a statement of accounts 
annually, and that the accounts need to be supported by a statement from 
an auditor that says to the effect they are a true and correct record of 
the organisations finances.

This is not an onerous task.


Regards

David Murray




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