Data in the 2015 Annual Information Statement

An analysis of the data provided by charities in their 2015 Annual Information Statements

Released: March 2017

The ACNC examined the financial information submitted by charities in their 2015 Annual Information Statements, as well as the quality of the annual financial reports submitted by medium and large charities. This led to the correction of errors totalling $37.4 billion.

This work highlights for charities the importance of careful and accurate reporting. It is vital to the quality of the information on the Charity Register which helps to maintain, protect and enhance public trust and confidence in the charity sector.

The report presents the findings and the lessons learned from the ACNC’s work identifying and correcting errors in charities’ 2015 AIS submissions.

Sections within this report

Background

The 2014 Annual Information Statement (AIS) was the first reporting obligation that required charities to provide financial information to the ACNC. When analysing the 2014 AIS submissions, the ACNC found that a significant number of charities had made errors reporting their financial information. In July 2015, the ACNC published a report detailing these errors.

The analysis of the errors and the subsequent report provided the ACNC with insight that helped to improve the online functionality of the AIS for the 2015 reporting period and the accompanying guidance for charities completing it.

For the analysis of the 2015 AIS submissions, the ACNC examined not only the financial information provided by charities, but also the quality of the annual financial reports provided by medium and large charities.

This analysis led to the correction of errors totalling $37.4 billion.

This report provides details and analysis of the errors that charities made in their 2015 AIS submissions.

The objectives of the ACNC’s analysis are to:

  • improve the quality of information on the Charity Register and help to maintain, protect and enhance public trust and confidence in the charity sector
  • identify the underlying causes of the errors in AIS reporting
  • ensure charities have a good understanding of their reporting obligations, and
  • educate the entire charity sector to improve their financial reporting.

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