Hello friends, if you are affiliated to any non-profit organisation in Australia, then this blog post is for you and will help you understand the laws related to auditing of such entities. 
Like any other profit-making business enterprise, not for profit also has to submit the audit reports and this is applicable for all the charities across the country. Due to the transaction of money in the form of donations from the patrons and expenses made on charitable purposes, it becomes necessary to maintain the financial records. These records are not only helpful n filing reports to the ATO but also to the ones who donate money to these organisations. Here is a complete detail on why it is necessary for non-profits to file auditing report.

https://www.agibookkeeping.com.au/auditing-not-profits-necessary/