Community Accounting had its beginnings in Dunedin with Otago University.
The concept was then introduced to Massey University by Professor Fawzi Laswad, head of the Accountancy School, in partnership with the Palmerston North Community Service Council. A project coordinator was appointed to manage Palmerston North Community Accounting and has been operating there for three years providing free financial advice to community groups and giving students invaluable work experience in the process.
In late 2016 the Department of Internal Affairs and Foundation North along with Professor Laswad approached ANCAD to introduce Community Accounting to Auckland. ANCAD applied for funding for the project and was successful in obtaining funding from both DIA and Foundation North. In August 2017 an Auckland Project Manager was appointed.
The Auckland Community Accounting Project was officially launched with a presentation to students at Massey University on the 29th September 2017.
Also in attendance were representatives from the various partners involved in the project including Auckland Council, Department of Internal Affairs, Charities Services, ANCAD, Massey University, Chartered Accountants Australia and New Zealand, Foundation North and RSM Accountants.
Auckland Community Accounting brings three parties together — accountancy students, chartered accountants and not for profits — to assist the not for profits in financial matters.
The project proposes to build confidence and capability in community Treasurers and other Board Members of small to medium community groups through support and training from accounting students, supervised by Chartered Accountants, at the free regular clinics.
The long term goal is to seek further funding in order to offer Auckland Community Accounting across Auckland by agencies in each local area who can host suitable clinics. ANCAD will provide the training to host partners.
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