Looking for an Affordable and High-Quality Auditor?

Here at Community Networks Aotearoa, we were sad when our current auditor retired. It’s hard work for auditors. The legal requirements they have to meet now, are complex and time consuming. For us non-profits it becomes a really big issue. The question of where do you find an auditor who will do the job required by Government legislation, that you can afford? One of our member groups was notified of a change from $11,000 to $33,000 in one year!  This sort of thing is simply not sustainable. 

Community Networks Aotearoa, had to find an affordable and quality auditor. So then our Board made a few decisions. Firstly our income means we can have an audit, or a financial review. Because we had audit in our constitution, we had just kept getting audits, but if our Service Performance review requires a financial review, why don’t we do that? We changed our constitution to “an audit OR a financial review”. 

The next step was finding someone to do this work for us. We got quotes from many firms including those who are ‘non-profit friendly’.  But the quotes were always extremely expensive. What to do? 

Then we heard about Charity Integrity Audit Ltd, and yes this is an unashamed promotion of this firm because they were so good, and we want to share about them.  Firstly this is a totally on-line audit firm. So you have to do your bit, and have all your information on-line and sorted out. They can’t review you on-line if you haven’t supplied them with your information in a timely manner. But to be honest, our financial review was better than our previous audits. They found things we needed to address that had never been picked up before, they did our review quickly and thoroughly and for a really good price.  Check them out if you are on the search. 

The below table is an indication of average prices. Audit fees quoted may vary after they do a diligence on prior year reporting, risks, management issues, and the level of accounting control. 

                                      SMALL                                                    MEDIUM                                           LARGE 

TOTAL INCOME:               $200,000 TO $550,000                  $550K TO $1.1MIL                  $1MIL TO $5MIL 

Review Fee:                           $1,400 - $2,000                                     $2,400 to $3,200                      n/a mandatory audit 

Audit Fee:                              $2,200 - $3,500                                    $3,500 - $4,500                          $4,500 - $7,000 

Contact Information:

Charity Integrity Audit
PO Box 217-125
Botany Hub 2013
East Tamaki Auckland.

Peter Conaglen 
Director at Charity Integrity Audit Ltd 
Mobile: (027) 568-2538 
Email: peter@charityaudit.nz