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Nov 24, 2021 / News

Financial Reporting Changes for Charities

The financial reporting thresholds for charities reporting to the Australian Charities and Not-for-profits Commission (ACNC) have now been increased, providing relief to thousands of charities, whilst also requiring Key Management Personnel remuneration and related party disclosures. Read more

Financial Reporting / Not for Profit


Nov 04, 2021 / News

Financial Reporting Developments - Spring 2021

This Financial Reporting Development explains the AASB’s project to address the future of financial reporting for NFP entities and other developments affecting the sector. Read more

Financial Reporting / Not for Profit


May 05, 2021 / News

Not-for-Profit Newsletter | Edition 8

This edition covers a number of financial reporting matters including commentary on the lodgement of incomplete financial reports, proposed changes to reporting thresholds, and ACNC best-practice disclosures. Read more

Education / Not for Profit


Jan 28, 2021 / News

Not-for-Profit Newsletter - Edition 7

Welcome to the newest edition of our Not-for-Profit Newsletter. Please feel free to contact us if you have any questions about the content of this Newsletter. Read more

Education / Not for Profit


Nov 11, 2020 / News

Not-for-Profit Newsletter - Edition 6

This edition has a continued focus on the impacts on the current COVID-19 pandemic with articles on the impact on board practices and guidance on reporting. Read more

Not for Profit


Jul 27, 2020 / News

Not-for-Profit Newsletter - Edition 5

This edition of our Not-for-Profit Newsletter has a particular focus on the impacts on the current COVID-19 pandemic and includes details of the resultant amendments to the lease accounting standard, considerations for going concern assessments, the approach of regulatory bodies, and accounting for government support. Read more

Not for Profit


Apr 28, 2020 / News

COVID-19 Stimulus and Support Measures for NFP’s

We have summarised the COVID-19 related stimulus and support measures that are available for Not-for-Profit (NFP) entities. Read more

COVID-19 / Not for Profit


Apr 23, 2020 / News

Not-for-Profit Newsletter - April 2020

The current climate has tested many organisations and we understand that many of you may need assistance navigating your way through the changes. We encourage all of our clients to reach out to their Nexia Edwards Marshall Advisor so that we can assist you during this time. Read more

Not for Profit


Mar 24, 2020 / News

AASB approves removal of Special Purpose Financial Statements

From 1 July 2021, for-profit entities preparing financial statements in accordance with the Corporations Act 2001, other legislation, their constituting documents or other agreements will not be permitted to prepare Special Purpose Financial Statements (“SPFS”). At the same time, the existing Tier 2 Reduced Disclosure Regime (“RDR”) will be replaced by new Tier 2 disclosure requirements. Read more

Audit and Assurance / Education / Not for Profit


Feb 26, 2020 / News

New disclosure requirements for Not-For-Profit entities preparing SPFS

For financial years ending on or after 30 June 2020, certain not-for-profit (NFP) entities preparing special purpose financial statements (SPFS) will need to include new disclosures in their financial statements regarding their compliance with the recognition and measurement (R&M) requirements of Australian Accounting Standards (AAS). Read more

Education / Financial Reporting / Not for Profit


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