12/3/2023 0 Comments Record keepingemployees or volunteers using their own computer systems and not having sufficient and up to date security software or operating systems.people using private networks and devices or public networks, or where other family members are also working from home.In addition, information security risks may arise from: some staff being unable to access required records if they are on someone else's personal device or storage.problems with controlling duplicates or versions of records.When staff or volunteers are working remotely, there may be increased or additional risks to charity records. comply with your charity’s record-keeping policies and procedures.keep records safe, ensuring no unauthorised access to records, nor unauthorised or illegal disposal of records.make and keep copies of operational and financial records.Your charity's record-keeping responsibilities don’t change if you are working from home or remotely. See our examples of financial and operational records. meets its obligations under ACNC Act, and.is entitled to be registered as a charity and as its subtype.You must keep operational records that show how your charity: These are any other documents about your charity's operations. The ACNC Act or the ACNC Commissioner could require your charity to prepare financial statements. allow for true and fair financial statements to be prepared and audited or reviewed, if required.Įven if your charity does not need to submit financial reports to the ACNC (because it is a small or a Basic Religious Charity), your charity still needs to keep financial records that meet these requirements. correctly record and explain your charity’s financial position and performance, and.correctly record and explain how your charity spends or receives its money or other assets (transactions).Under the ACNC Act, your charity must keep two types of records: If you are following the ACNC record-keeping requirements it is likely that you are meeting most of your ATO obligations. Your charity may also need to report to other government regulators with their own record-keeping requirements, including the Australian Taxation Office (ATO). Good record-keeping also helps your charity meet ACNC obligations, including: otherwise show that your charity meets its obligations under the ACNC Act, tax and other relevant laws.prepare reports to meet your reporting obligations to the ACNC, other government regulators, donors/funders and members (if relevant), and.communicate about your charity’s activities and finances.assess whether the right kinds of decisions are being made (operational and financial).understand whether your charity is in good financial health.show that your charity is continuing to be run as a not-for-profit and working towards its charitable purposes (and so should remain eligible to be registered as a charity).When your charity keeps good records of how it is run, this can help you:
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