• Are you a Not for Profit entity?
  • Is the entity part of the Government or Local Council?

  • The entity is a Public Sector Public Benefit enity. Refer to the Public Audit Act/FMC Act 2013 to work through Audit Requirements.

  • The entity is a Not-for-profit
    public benefit entities (NFP PBEs)

  • Is the Entity an Incorporated or Unincorporated Society/Club
  • Is the entity a Charitable Trust?
  • Does the entity have charitable status?
  • Is the Entity a Friendly Society or Credit Unon?
  • Has the entity incurred operating expenses >$140k over the past 2 financial years?

  • The entity is a For-Profit Entity

  • Does the entity have Charitable Status?
  • Does the entity have operating expenses > $550k?
  • Does the entity's constitution require a review or audit/Review?
  • Does the entity's Funders require an audit?
  • Did the entity have total operating expenditure over the preceeding 2 years >$3m?
  • Is the Entity A Limited Liability Company?
  • Are over 50% of the shares owned by NZ's?
  • Over the last 2 financial years, were the total assets > $22m or was revenue > $11m?
  • Is the Entity A Limited Partnership?
  • Is the Entity A General Partnership?
  • Is the Entity a Body Corporate?
  • Over the last 2 financial years, are the total assets > $66m or was revenue > $33m?
  • Have 95% of more voting shareholders elected (by the due date) not to have an audit?
  • Is the Entity a Maori Incorporation?
  • Is the Entity a Maori Trust Board?
  • Is the Entity a Class 4 Gambling Operator?
  • Is the Entity a Real Estate Agency with a Trust Account?
  • Is the Entity Private training establishment (PTE)?
  • Does the MoE Funding agreement require an audit?
  • Does the PTEs use a standard, static or bank bond trust mechanism?
  • Is the Entity a Private early childhood education centre (ECE)?
  • Has the ECE received $80k or more MoE Funding (inclusive of GST)?
  • Have at least 75% of members passed a Special Resolution not to appoint an auditor?
  • Has the entity derived income >$10m over the past 2 financial years?

  • Audit or Review REQUIRED

    Disclaimer: This decision tree will accurately assess most entities. However, some complex circumstances won't be picked up, and the rules and thresholds applying to audit requirements can change. Please book a consult below to confirm your obligations.

  • No Audit or Review required

    Disclaimer: This decision tree will accurately assess most entities. However, some complex circumstances won't be picked up, and the rules and thresholds applying to audit requirements can change. Please book a consult below to confirm your obligations.

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