Sometimes I do think, why it is necessary for non-profit organisations to maintain accounts and file audit reports when they are working for the betterment of society. And I brought up this question with my bookkeeper in Melbourne, Anatole Kabov of AGI Bookkeeping. According to him, there are around 55,000 charities across Australia, and this law is equally applicable to all. The reason is not only for fulfilling legislative requirements but also to maintain the transparency in all the actions and financial transactions of the institution. He further added some points which I would like to share with you to make you aware of the concept. Let's read them in detail here