Six figure audit bill for churches - 2016-05-15

Six figure audit bill for churches May 15, 2016, Bevan Hurley, Stuff.co.nz

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Churches are spending hundreds of thousands of dollars to comply with a new crackdown on charities' financial reporting standards.

The Church of Scientology filed their annual returns last week, more than 10 months overdue. They received nearly $1.4m, and spent just under $600,000.

Charities who spend more than $1m per year are being forced to open up their books, in some cases for the first time, under new laws which came into effect this month.

Wikipedia cite:

{{cite news | first = Bevan | last = Hurley | title = Six figure audit bill for churches | url = https://www.stuff.co.nz/business/industries/79594715/churches-face-six-figure-bill-amid-crackdown-on-financial-reporting-laws | work = Stuff.co.nz | date = May 15, 2016 | accessdate = February 7, 2019 }}