Overview

This webinar provides in-depth guidance on financial reporting for non-profit organisations (NPOs) and public benefit organisations (PBOs), focusing on compliance with relevant accounting standards and regulatory requirements. Participants will learn how to effectively manage financial statements, track fund allocations, and ensure transparency in financial reporting. The session will cover the unique challenges faced by NPOs and PBOs, including donor reporting, tax exemption considerations, and audit requirements. Attendees will gain practical insights to improve financial management, ensuring accountability and alignment with best practices in the non-profit sector.

Learning Objectives

• Learn how to effectively prepare and issue model financial documents tailored for non-profit organisations.
• Gain an understanding of model constitutions designed specifically for non-profit organisations to ensure compliance and operational efficiency.
• Obtain the skills needed to prepare and implement codes of good practice that promote transparency and accountability within non-profit organisations.
• Learn best practices for engaging donors and grant providers to enhance financial reporting and credibility.
• Gain insights into the process of amending or substituting model documents and codes of good practice to align with evolving regulatory requirements.

Content

• General

• Categories of NPOs

• Characteristics of NPOs

• Constitution of an NPO

• Statutory landscape

• Non Profit Organisation Act, o 71 of 1997

• Including NPO Amendment Act of 2022

• Amendment to General Laws (Anti-Money Laundering and Combating Terrorism Financing)

Amendment Act 22 of 2022

• Accounting Challenges

• Assurance Challenges

• Taxing of NPOs/PBOs