Reporting a modified audit or independent examination opinion as a serious incident to the relevant UK charity regulator.
The UK charity regulators’ revised guidance on matters of material significance includes as a reportable matter the issuing of a modified audit opinion or qualified independent examiners report. This requirement has been in place from the introduction of the revised matters, from 1 May 2017.
This requirement is the eighth of the nine reportable matters. The text states as follows.
“On making a modified audit opinion, emphasis of matter, material uncertainty related to going concern to which attention is drawn, notification of the nature of the modification/qualification/emphasis of matter or concern with supporting reasons including notification of the action taken, if any, by the trustees subsequent to that audit opinion, emphasis of matter or material uncertainty identified/independent examiner’s report.”
Reports should be made to the jurisdiction where the charity is registered and where the accounts will be filed. These have the reporting requirements as follows:
England and Wales
In England and Wales there is a legal requirement for the reports to be made in writing.
Reports should be made to Whistleblowing@charitycommission.gsi.gov.uk. The email should be headed “Matter(s) of material significance reported” and should provide the following information:
There is a legal requirement in Northern Ireland for the reports to be in writing.
Reports should be made to email@example.com. The email subject line should include reference to reporting matters of material significance. The report should include information regarding the following:
There is no legal requirement to put the report in writing in Scotland but it is strongly encouraged.
Reports should be made to Section46@oscr.org.uk. The email subject line should include reference to reporting matters of material significance. The report should include information regarding the following: