The new financial reporting standards are finally here – so what are they and how do they affect you?
Up until now, any form of financial reporting has been accepted from charities, but 1 April this year marked the introduction of the New Reporting Standards (NRS). NRS are a set of legal documents that set out the way all charities in New Zealand now need to present their financial information when it is submitted to Charities Services as part of their annual return. If this is all news to you then please take some time to read through the information on our website under the new reporting standards section before completing your annual return.
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