CA ANZ recently provided comment on the draft operational statements "charities and donee organisations" ED0207/a and ED0207/b.
In our view, the statements will be a useful resource for charitable entitites and donee organisations. Our submissions are:
- The value of the statement would be enhanced if the language and presentation of key points were simplified.
- Examples would be helpful and should be added.
- We recommend that the statement be accompanied by a fact sheet.