XRB External Reporting Board / Te Kāwai Ārahi Pūrongo Mōwaho develop and issue reporting standards on accounting, audit and assurance, and climate, for entities across the private, public, and not-for profit sectors.
Accounting and Audit & Assurance standards ensure transparent and consistent external financial reporting. Reporting helps build greater trust and confidence with stakeholders such as shareholders, investors, donors, funders, and customers.
XRB have recently updated the reporting template for small (Tier 4) charities.
This guide discusses how important the reporting of charities’ annual financial results are when approaching funders.