Audit and other services

Make sure you know the score

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It is very important that you are aware of the revised practising certificate requirements. February 2009

UK must boost charitable giving

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Government ministers should donate some of their earnings to charity to encourage the public to do the same, campaigners have suggested.

Stretching charity budgets further with In Kind Direct

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In Kind Direct supports thousands of charities across the UK by providing the products that charities need to run their organisation and help beneficiaries.

Accountants' reports on charity street collections

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The main statutory provisions for the conduct of charitable street collections date from the 1970s.

FM143 Top 10 differences in the charitable sector

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Anyone entering the charitable sector from the commercial one and expecting scant difference between the two is in for a rude awakening. After three decades in the charitable field, I feel fairly confident in identifying a 'Top 10' of challenges that a new charity FD will face. Here I attempt to explain what these challenges involve, and how to meet them effectively. And finally, I provide a taster of the sort of thing in store for those FDs bravely entering the charitable sector.

Whistle-blowing by auditors and independent examiners

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The whistle-blowing regime changed from 1 April 2008, when s 44 Charities Act 1993 was amended by the Charities Act 2006 to harmonise the reporting duty for auditors and independent examiners of both company and non-company charities.

Clarity ISAs: guidance on small charity audit documentation

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The Audit and Assurance Faculty has developed practical examples of audit documentation for small charities to reflect the new requirements introduced on or after 15 December 2010.

Revised APB guidance on the audit of charities in the UK

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The Auditing Practice Board’s (APB) guidance on the audit of charities in the United Kingdom, originally issued in December 2008, has been revised.

APB Consultation - Audit of Charities in the UK

The Auditing Practices Board has issued for public consultation Practice Note 11 on audit of charities in the UK.

Utility Aid works with the Charity and Voluntary Sector Group

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To enhance it’s determination to further reduce energy dependency and thus cost in the not-for-profit sector, Utility Aid is proud to be working with the Charity and Voluntary Sector Group.

Probe into Oxfam irregularities

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An external audit has been launched into "financial irregularities" in Oxfam's flood relief programme in Pakistan.

Charity audit report examples Audit and Assurance Faculty ICAEW

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Independent examination of charities accounts

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The information in this helpsheet applies to accounting periods which end on or after 1 April 2009, with reference to changes which applied to accounting periods beginning on or after 1 April 2008, where applicable. Advice should be taken for earlier accounting periods.

Independent examination of charities' accounts

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An independent examination is less onerous than a full audit and only provides a form of negative assurance. It is a personal appointment – which means that it cannot be carried out by a partnership or company as such, although an individual within such a firm can act in a personal capacity as an independent examiner.

The charities SORP 2005 - common issues of non-compliance

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We have produced this helpsheet as a reminder of common problems or issues so that the Annual Report and Accounts are prepared to a minimum standard. Since the last issue of this helpsheet (April 2010) we have carried out research on a stratified sample of 356 charities to identify areas where charities are failing to comply fully with SORP 2005.

The Charities SORP 2005 Common errors of non compliance

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Four years on from the issue of SORP 2005, best practice expectations have now moved onto the next level under a statutory regime of public benefit testing for all charities – however large or small.