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| '''Financial Review Requirements''' || Stringency of review depends on amount of revenue - can be onerous; members may waive audit if revenue below $50,000 || Not required to have an audit unless required by the members or the bylaws (or by funders) | | '''Financial Review Requirements''' || Stringency of review depends on amount of revenue - can be onerous; members may waive audit if revenue below $50,000 || Not required to have an audit unless required by the members or the bylaws (or by funders) | ||
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| '''Financial Disclosures''' || Must prepare financial statements every calendar year; Must send summary financial statements to members prior to AGM || Must prepare financial statements every calendar year; Must disclose all employees | | '''Financial Disclosures''' || Must prepare financial statements every calendar year; Must send summary financial statements to members prior to AGM || Must prepare financial statements every calendar year; Must disclose all employees or contractors paid over $75,000 per year; Directors can only be paid if bylaws permit; If directors receive any money from the society, it must be disclosed in financial statements; Must provide financial statements to members of public upon request | ||
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{{Societies Act FAQs NavBox}} | {{Societies Act FAQs NavBox}} |
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