In line with our risk-based regulatory approach, we regularly reviews financial information provided by charities in their Annual Information Statement. For some medium and large charities, we also review the quality of annual financial reports.
These reviews ensure that:
- charities are providing correct financial information in their Annual Information Statement
- annual financial reports are meeting the ACNC’s legislative requirements
- the public (including donors) can view accurate information on registered charities.
We use these reviews to improve each edition of the Annual Information Statement to reduce error rates. We also use these reviews to refine and improve our education and guidance, ensuring information provided by charities on the Charity Register is accurate and accessible.