If funds raised from a charity exceed $250,000 in a financial year, it must be audited annually [section 24 (1)] by a qualified person. The auditor is not restricted to just assessing the reliability of financial information, but should also make sure that the contents of the financial report can be verified and are free from bias. They must also make sure that the authority holder (charity) is keeping proper financial accounts.
The auditor is required to offer an independent opinion on whether the financial report gives a true and fair view. Although the auditor will have to deal with the executive and governing body of the organisation, their obligation is to report to the general membership.