Reporting thresholds are changing
This information is to help you understand the recent changes to the statutory thresholds and how this may affect you.
Every eight years, the Ministry of Business, Innovation and Employment reviews the thresholds of the reporting standards, taking into account inflation.
All charities must file performance reports or financial statements with their annual return that meet the External Reporting Board’s (XRB) reporting standards. Which standard you use depends on these reporting thresholds. The thresholds are based on your operating expenses,