38Requirement for authorities or bodies for non‑government schools to prepare and audit financial statements

#### 38 Requirement for authorities or bodies for non‑government schools to prepare and audit financial statements An approved authority, block grant authority or non‑government representative body for a non‑government school must: (a) prepare financial statements in accordance with the Australian Accounting Standards that relate to any money received by the authority or body in a year; and (b) have those statements audited in accordance with the Australian Auditing Standards and generally accepted auditing practices.