BVO Audit

🎄✨ Meri Kirihimete: wishing you a happy holiday ✨🎄   As 2024 draws to a close, the team at BVO Audit would like to express our thanks to you, all our clients and partners.   We hope this holiday period brings you moments of rest, connection, and joy. Whether you're reflecting on successes and challenges, or recharging for the year ahead, may your time be relaxing and refreshing.   Our team will be taking a break over the festive season to recharge as well. We’ll be back from January 13 and ready to support you in making 2025 another successful year.   Thank you for your trust in us. Wishing you happy holidays and New Year, from all of us at BVO Audit 🎁🎉   Alex Houghton Svetlana Petrukhina Gordon Hsu enjoying a little end of year celebration (missing a few of the team who are away).

Navigating legal changes doesn’t have to be overwhelming. Our blog breaks down the Incorporated Societies Act 2022 so your organisation can be prepared for next year when these changes begin. The Act aligns financial reporting for Incorporated Societies with not-for-profit standards — introducing key additions, such as a Statement of Cash Flows and Statement of Service Performance. With years of experience, BVO Audit helps organisations of all sizes meet these new requirements smoothly. We're here to guide you through every step—making compliance easy and hassle-free. 👉 Dive into our blog (link in comments below) to learn more.

⁉️ Unsure if you need an audit or a review? We’ve got you covered. Making the right financial decisions is crucial for the health of your business. At BVO Audit, we simplify the process to help you choose between an audit and a review. ✨ Why It Matters: Compliance: Meet regulatory requirements with confidence. Transparency: Build trust with stakeholders and investors. Growth: Gain insights to drive your business forward. 🚀 Our Approach: Assess your needs: We analyse your business size, industry, and objectives. Tailor solutions: Whether it’s a detailed audit or a streamlined review, we customise our services to fit your organisation. Empower your future: Receive clear, actionable reports to support your strategic decisions. 🌟 Partner with BVO Audit to ensure your financial health and pave the way for a prosperous future. 👉 Find out more in this blog (link in comments below) and book a free consult with us. #FinancialClarity #Audit #Review #Growth #Compliance #FutureFocused #BVOAudit

🔍 Pitfalls to avoid for Not-for-Profits in 2025 Running a #notforprofit organisation comes with a load of challenges—and avoiding common pitfalls is essential. From governance gaps to financial mismanagement, a range of hurdles can hold you back from achieving your mission.   Here are just three areas where not-for-profits often stumble: 1️. Governance Oversight: Clear policies and accountability frameworks are essential to staying on track. 2.  Financial Clarity: Transparent and accurate financial reporting builds trust with stakeholders and funders. 3.  Compliance Risks: Navigating regulations can be complex but is crucial for sustainability.   At BVO Audit, we pride ourselves on providing plain language reports and constructive feedback that everyone can understand. An audit or review with us is much more than ticking boxes—it’s about helping you and your organisation do what you do best.    👉 Read our practical guide for practical tips on these issues and more: [Link in the comments]. #NotForProfit #Governance #FinancialHealth #AuditSupport #BVOAudit

🌍 Shaping the future of climate reporting together. The climate-related disclosures regime is a success, with early evidence showing improved business decisions and smarter capital allocation. 💡 But challenges remain. Climate reporting entities (CREs) are grappling with data reliability, high costs, and limited guidance on complex topics. Scope 3 emissions reporting poses a hurdle too—getting solid data from up and downstream partners isn’t easy. In response, the External Reporting Board has been working through feedback and confirmed amendments to #assurance standard NZ SAE 1 and #climate standard NZ CS 2 last week. These amending standards apply for periods that commence on or after 1 January 2024. They confirmed: ✍ A one-year extension to the adoption provision for scope 3 GHG emissions disclosures. ✍ A one-year extension to the adoption provision for anticipated financial impacts disclosures. ✍ A new one-year adoption provision relating to the assurance of scope 3 GHG emissions. 👉 See their post below and click through for their webinar recording or slides. Get in touch with any questions or comment on your thoughts below. Together, we can drive meaningful change.

At BVO Audit, we empower organisations to achieve excellence through our comprehensive audits:    ✅ Financial Audits – Ensure accuracy and integrity in your financial statements.   ✅ Compliance Audits – Navigate regulations with confidence and ease.   ✅ Operational Audits – Optimise processes for maximum efficiency and effectiveness.   ✅ Risk Management – Identify and mitigate risks to safeguard your future.    Join the many organisations that trust BVO Audit to drive transparency, growth, and success.     🚀 Connect with us and discover how we can support you to achieve audit excellence.    See our website (link in comments below) and book a free consult with us. #BusinessAudit #FinancialIntegrity #Compliance #RiskManagement #BusinessGrowth  #BVOAudit  

🚀 Understanding financial reporting tiers Navigating financial reporting doesn't have to be daunting. Understanding the tier structure really helps. This blog (https://lnkd.in/gbQbc-8x) looks at what these Tiers mean in relationship to financial statements and audit requirements. 🔍 Financial reporting tiers determine how you prepare your financial statements, based on your organisation’s size and accountability. Whether you’re a startup, a large business, a community group, or a charity, there’s a tier that fits your needs.  ✨ Why it matters: Choosing the right tier enhances compatibility, builds stakeholder trust, and ensures you meet all audit requirements effortlessly. Transitioning to the right tier is crucial for maximising reporting efficiencies and future-proofing your financial systems.  Also, tier thresholds have recently changed, giving an opportunity for some Tier 2 organisations to move to more simplified Tier 3 financial reporting. See details in another of our blogs (https://lnkd.in/gqSyuRVp). 🌟 Take action today! Assess your current financial reporting system and identify which Tier aligns with your organisation’s goals. Need guidance? Book a free consult with the experts at BVO Audit – we’re here to help you thrive! https://lnkd.in/gA2uKn9N #NotForProfit #FinancialReporting #Transparency #Accounting  

Want to learn more about how ESG reporting is influencing business structures?  Deloitte have published a new report series, titled “Asia Pacific Mandatory Sustainability Reporting”. See the link to an article in the comments section of this post. 👇🏽   Some key points:    - CFOs are leading sustainability reporting: 32% of companies have CFOs as accountable executives for sustainability, with 16% sharing this role with CSOs.  - Resource gaps remain a challenge: 60% of companies cannot forecast the resources required to meet emerging reporting standards.  - Opportunities for value creation: 35% of companies see increased revenue and innovation from sustainability initiatives.   #SustainabilityReporting #ESG #ValueCreation #BVOAudit 

🗞 Our quarterly update is now live. (See the link in the comments on this post below).   Check out all the latest news and developments in the audit and financial sectors.    To stay updated with what’s happening in our organisation, visit our website to join our mailing list. #QuarterlyUpdate  #AuditServices #BVOAudit

We hope, like us, you enjoyed the first long weekend of summer! Perhaps the break got you thinking about how you can volunteer in your community?   A treasurer plays a key role in every not-for-profit organisation and is a great way to be of service.   To understand what a treasurer does, our founder Alex Houghton shares the key 15 responsibilities of being a treasurer. Learn more: ⬇ #VolunteerServices #Treasurer #FinancialReporting #NotForProfits #BVOAudit