Impacts of financial reporting standards for registered charities

Chettiniyil, Aneeta and Al Hazaima, Huthaifa (2017) Impacts of financial reporting standards for registered charities. Applied Management Conference, Wintec, Hamilton, New Zealand, 30-31 October 2017.

[img]
Preview
PDF (Book of abstracts) - Supplemental Material
Available under License Creative Commons Attribution Non-commercial No Derivatives.

1175Kb

Abstract or Summary

Financial reporting standards for registered charities were introduced in the year 2015 in New Zealand. Certain charities were also required to have their financial statements audited and reviewed by independent auditors. These legislative changes brought about a paradigm shift in the accounting and reporting practices of charities. The intention behind these changes were to improve public trust in the functioning of charities. This report aims to examine the impact of these reporting legislations on charities in Waikato region. It also aims to analyse the need for improving public trust in charities and the perception of charities on the new auditing requirements. A literature review has been performed to understand the history of charities regulation in New Zealand, the need for new financial reporting standards and the tier system based on which the new reporting requirements have been implemented. A qualitative research was conducted among participating accountants in Hamilton. The results have been analysed and recommendations have provided with an aim to improve the legislative changes implementation process for charities sector, particularly for smaller charities.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:sales, marketing, non-profit organisations, financial reporting standards
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6045
Deposited By:
Deposited On:20 Jul 2018 00:22
Last Modified:20 Jul 2018 00:22

Repository Staff Only: item control page