Australian Government
Auditing and Assurance Standards Board
Tuesday, July 11, 2023
The AUASB has issued a new Bulletin on What not-for-profit entities need to know about the differences between an audit and review as part of its series targeted at the not-for-profit (NFP) sector.
This Bulletin is designed to help NFP entities better understand the differences between an audit and review and to help them decide which may be more appropriate, taking into account their regulatory and legal framework.
Further information and guidance relevant to the NFP sector, including a previously issued AUASB Bulletin on auditing fundraising revenue in a digital age, is available on a dedicated implementation support page on the AUASB Website.