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Governance Standard 2 requires charities to take reasonable steps to be accountable to their members, and allow their members adequate opportunities to raise concerns about how the charity is run.

This page provides information on charities' annual financial reporting, as well as an annual financial report checklist to help guide charities' efforts.

This guidance looks at related party transactions - what they are, how charities can manage them, and the information charities need to ensure these transactions are properly reported in their Annual Information Statements.

A charity's annual financial statements must be either General Purpose Financial Statements (GPFS) or Special Purpose Financial Statements (SPFS). The type of annual financial statement a charity must prepare is dependent on whether it is classed as a reporting entity.

This quiz provides an overview of charity reporting obligations, as well as information about solvency and understanding financial statements.

The ACNC Governance Standards are a set of core, minimum standards relating to charity governance and how a charity is run. Organisations must meet the ACNC Governance Standards in order to be registered as charities with the ACNC, and continue to comply with the standards in order to retain its registration once registered.

This section of the ACNC website provides some short practical tips on the review or audit process for charity financial reporting.

Record-keeping obligations depend on your charity’s size, complexity, activities, how it spends or receives money, whether it operates overseas and whether it has extra obligations from state regulators.