Incorporated Societies Act 2022

Administration of societies - Accounting records, financial reporting, and annual returns - Financial reporting

105: Annual financial statements of certain societies must be audited

You could also call this:

"Some societies must get their financial statements checked by a qualified auditor."

Illustration for Incorporated Societies Act 2022

You need to get your financial statements audited if your society is a certain kind. The kind of society is decided by regulations. You must get a qualified auditor to do the audit. You have to prepare financial statements as required by section 102. These statements must be audited. You can find more information about appointing an auditor in sections 37 to 39 of the Financial Reporting Act 2013. When an auditor checks your financial statements, they must follow all the rules. These rules are called auditing and assurance standards. The auditor must comply with these standards when doing the audit for your society.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS154431.

This page was last updated on 4 January 2026 — View changes

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104: Minimum requirements for financial statements of small societies, or

"What small societies must include in their financial reports"

106: Auditor must report to members, or

"The auditor must write a report to the society's members about the finances they have checked."

Part 3Administration of societies
Accounting records, financial reporting, and annual returns: Financial reporting

105Annual financial statements of certain societies must be audited

Every society that is of a kind prescribed by the regulations must ensure that the financial statements that are required to be prepared under section 102 are audited by a qualified auditor.
See sections 37 to 39 of the Financial Reporting Act 2013 (which provide for the appointment of a partnership and access to information).
An auditor must, in carrying out an audit for the purposes of this section, comply with all applicable auditing and assurance standards.