Audit of Not for Profit Organisations​

A not-for-profit audit is crucial for ensuring that your organisation’s financial statements are accurate, transparent, and compliant with Australian regulations including ACNC Act 2012. This independent review provides donors, the Board, and other stakeholders with confidence that funds are used effectively and that financial practices meet the highest standards of accountability, thereby enhancing trust and supporting your organisation’s mission.

Not-for-Profit Audits: Safeguarding Your Organisational objectives with Transparent and Trustworthy Audits

Not-for-profit audit is an essential part of our audit services. By providing audit services to not-for-profit organisations, we show our care to our communities and charities. We consistently promote charity days on a regular basis and fundraise for events such as Stress Down Day etc.

Our not-for-profit audit services are designed to provide a thorough and independent examination of your organisation’s financial statements and operational practices. We ensure that your financial reporting meets Australian regulatory standards and accurately reflects the true use of funds. By focusing on the specific needs of not-for-profit organisations, we help you maintain transparency and demonstrate accountability to donors, stakeholders, and regulatory bodies.

Engaging in our not-for-profit audit services offers significant benefits, including enhanced trust and confidence from your supporters and stakeholders. Our detailed audit reports not only verify compliance but also highlight areas for improvement in financial management and governance practices. This process supports your mission by ensuring effective use of resources, bolstering organisational integrity, and reinforcing the credibility of your financial practices.

Not for Profit Audit
Assurance Services Development

Build Donor Trust and Confidence

Our not-for-profit audit services ensure that your financial statements are transparent and compliant with regulatory standards, which significantly boosts donor trust and confidence. By providing a clear and independent assessment of how funds are managed, we help you demonstrate accountability and maintain strong relationships with supporters and stakeholders.

Assurance Services

Strengthen Governance and Financial Management

We offer detailed insights into your financial practices and governance, identifying areas for improvement and ensuring effective resource utilisation. Our audit not only verifies compliance but also enhances your organisational governance, supporting better financial management and operational efficiency for long-term success.

But don't just take our word for it...
Reviews & feedback
Louise Dawson
Louise Dawson
CEO Australia and New Zealand - DefibsPlus
"We have engaged MGI Dobbyn Carafa for the last 10 years for professional services. We continued to be extremely satisfied with their services as they help us to navigate through a continually challenging compliant landscape in business. MGI Dobbyn Carafa are innovative, professional with a friendly family style which is very disarming when you may feel overwhelmed with the challenges of growing a business."
Simon Meers
Managing Director - AirMet Scientific
"The team at MGIDC provide exceptional business support providing a detailed analysis of our company's financial performance and corporate governance, together with big picutre strategic planning."
Matthew Bleeze
General Manager - Air Powered Services
"We found the D+C team was very easy to work with and provided an efficient, effective, and easy to manage solution and approach to the task. Overall, D+C took the time to get to know about our business and helped create a tailored solution that perfectly suited our needs.”
Mark Emerson
Managing Director - Lighthouse Corporate Coaching
"Anthony has an excellent grasp of the financial drivers of profitability; thinks deeply and effectively about solutions to roadblocks confronting our clients and gets the job done in a timely and effective manner."
Fouad Elsaadi
Operations Manager - Exergenics
“Abhishek Sharma and his team stood out for making the audit process seamless and informative. The MGIDC was always readily available to address our questions and concerns. Their responsiveness created a collaborative and efficient atmosphere, ensuring the audit progressed smoothly.”
Michael Zeng
Michael Zeng
Autorola
"We are very grateful to have MGIDC as our accountants and auditors. Their expertise has been instrumental in managing our financial affairs. From preparing financial statements to advisory services and auditing, Devan, Abi, and the team have consistently demonstrated a high level of professionalism and dedication. Their ability to navigate complex financial matters, meet deadlines, and provide clear, insightful advice has not only saved us money but also given us peace of mind. I appreciate their proactive approach, responsiveness, and the customized service they consistently deliver. We highly recommend MGIDC to anyone seeking a reliable and knowledgeable partner in managing their financial well-being."
John
John Micheloudakis
Air Powered Services
"MGIDC has consistently delivered top-notch services that have greatly contributed to the success of our business. Their attention to detail, and innovative solutions have set them apart in the industry. It is rare to find a supplier that not only meets but exceeds expectations consistently, and MGIDC has managed to do just that. What sets MGIDC apart is not only the quality of their offerings but also their commitment to customer satisfaction. The team is responsive, accommodating, and always goes the extra mile to ensure our needs are not just met but surpassed. Their dedication to building strong, lasting relationships is a testament to their professionalism and integrity."
Gin
Gin
Cellarhand – Financial Controller
"Thank you to Anthony, Chris, Neil and the whole team. Professional yet caring and supportive across all facets of the business. A total game changer for us. Could not recommend highly enough whether it be accounting services or their unrivalled business negotiation skills. Looking forward to many more years working together."
YPS Group
YPS Group
Client
"The YPS Group have been a longstanding client of MGIDC. Anthony Carafa and his team have played an integral role with our investments, property and construction projects, and family affairs. Throughout the years, MGIDC have assisted us with complex accounting and taxation advisory work, superannuation and succession planning, management and financial reporting, family office, lending, and insurance services. We would like to take this opportunity to thank Anthony for his reliability and ability to consistently provide highly technical and broad services. Most importantly, we would like to thank Anthony for his trustworthy and personal approach, and unwavering support for our projects and our family."
headshot woman
Paula
Client
"Cannot be happier with Nick and the team at MGIDC in handling our accounts. Any questions are answered with professionalism, understanding and patience. Nick always makes himself available to answer any concerns and is always quick to respond to emails with curly questions. Extremely satisfied with every interaction I have with the people at MGIDC and would recommend them highly!"

Our Accounting Services

Build trust with your donors.

MGI uses several benchmarking reports during our audits, including current donation trends, fundraising statistics, and grants. We would be happy to share this information with our clients to assist you in making informed decisions.

 

Through our many years working in this industry, MGI has strong network of professionals in the charitable industry, including legal professionals, investment managers (including those that manage charitable foundations, IT providers and everything in between.

Request a free phone consult
Assurance Services Specific Issue

Improved Financial Transparency and Trust

Our not-for-profit audit services offer a thorough and independent review of your financial statements, enhancing transparency and accountability. This clear, objective assessment fosters greater trust with donors and stakeholders by ensuring that your financial management practices are reliable and fully compliant with regulatory standards.

Assurance Services Reports

Expertise in Not-for-Profit Compliance

We specialise in the unique regulatory and compliance needs of not-for-profit organisations. Our team’s deep knowledge of sector-specific standards and regulations ensures that your financial practices meet all legal requirements, helping you avoid compliance issues and potential penalties.

Assurance Services Analysis

Detailed Financial Insights

Our audits deliver comprehensive insights into your financial operations, identifying strengths and areas for improvement. These detailed reports help you understand your financial health better, optimise resource allocation, and enhance overall financial management practices.

Risk Management

Strengthened Organisational Governance

By examining your internal controls and governance structures, we provide recommendations to strengthen your organisation’s oversight and decision-making processes. This proactive approach enhances your governance framework and supports effective leadership and management.

Assurance Services Rapid Response

Increased Donor Confidence

A thorough and independent audit reassures donors and stakeholders of the integrity and effectiveness of your financial operations. Our transparent reporting builds confidence in your organisation’s financial stewardship, which can lead to increased support and contributions.

Adhoc Assurance Services Checklist

Efficient Audit Process with Industry Expertise

Leveraging advanced audit techniques and technology, we ensure an efficient and thorough audit process. Our team’s extensive experience in the not-for-profit sector allows us to provide timely and accurate audits, minimising disruption while delivering valuable insights.

What makes MGI Dobbyn Carafa different?
Big firm capability...small firm relationships

Equipped with a team that has the experience and capabilities of a big firm, but maintaining our deep, personal connection is something we pride ourselves on. Our team are highly supported and we are conscious of wanting to keep our numbers small, but our value high.

est.
2006
Decades of expertise

We have a team of experienced professionals from a diverse range of backgrounds, highly qualified for every business need. Some of the qualifications our team possess include:

Australian Financial Services Licence (AFSL)
CA and CPA qualified Accountants
Chartered Tax Advisors
Registered Company Auditors
Masters of Business Adminstration (MBA)
Real Estate Agents Licence
Xero Certified Advisors
+87
Client Net Promoter Score®

We take great pride in our customer service and the deep relationships we have with our clients and we are humbled to learn that our clients feel the same way.

5.33 out of 6 for client satisfaction
5 out of 6 for relationship satisfaction
100% of clients surveyed feel MGIDC positioned to help with acheiving their goals
71% of clients surveyed have annual revenue above $10M, employing 50+ staff
+84
Employee Net Promoter Score®

Much like client NPS®, we take great pride in our employee engagement and the deep relationships we have with our team as we support them on their professional journey.

8.67 out of 10 for employee satisfaction
8.5 out of 10 for career empowerment
Fun; Family; Food - 3 most common words to describe the culture at MGIDC

Meet Our Team

Our Core Services

Accounting, Tax & Advisory

Audit & Assurance

Blockchain & Crypto Advisory

Business Continuity Consulting

Corporate Advisory

Family Office

Lending and Finance

Business Sale Advisory

Assurance Services Reports

Management Reporting

Risk Advisory

Sell My Business

Strategic Consulting

Succession Planning

Assurance Services Analysis

Virtual CFO

Frequently asked questions about Not-for-Profit Audit

An audit is crucial for not-for-profit organisations as it ensures that financial statements are accurate and comply with regulatory standards. It helps build trust with donors and stakeholders by demonstrating transparency and accountability in how funds are managed and allocated.

A not-for-profit audit involves a comprehensive review of your organisation’s financial statements, internal controls, and compliance with relevant regulations. This includes examining financial records, verifying transactions, assessing internal processes, and providing a detailed report with findings and recommendations.

The frequency of audits depends on regulatory requirements, donor expectations, and organisational needs. Typically, not-for-profit organisations undergo annual audits, but some may be required to audit more frequently based on their size, funding, or specific regulatory obligations.

An independent auditor provides an unbiased assessment of your financial statements and operations. This independence enhances the credibility of the audit results, improves donor confidence, and ensures that financial practices are thoroughly reviewed without internal bias or conflicts of interest

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.

Request a free phone consult
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