Audit reform: this definition of PIE is hard to swallow

The BEIS whitepaper is right to look at what classifies as a public interest entity. But its suggestions could stretch the capacity of the audit market to breaking point.

Trust is baked into the Charity Commission’s purpose

Paul Latham, Director of Communications and Policy at the Charity Commission, tells ICAEW Insights that increasing trust in the sector is a key driver for the organisation that regulates around 170,000 charities.

Trust in charities: working towards a global reporting standard

IFR4NPO is an initiative to develop global financial reporting guidance for non-profit organisations. It is spearheaded by Humentum and CIPFA to heighten transparency and enhance trust.

Save the Children UK: transformed ‘beyond recognition’

Save the Children UK has transformed its reputation over the past three years. The charity’s senior accountability manager, Laura-Louise Fairley, explains the changes and improvements they put in place to improve its public perception.

Charities SORP research – Smaller charities

Power to Change, the Charities Aid Foundation and the Lloyds Bank Foundation have commissioned research to understand how small charities experience accounting regulation and guidance.

Charities: bespoke needs, bespoke banking

ICAEW member and CAF Bank CEO, Alison Taylor, has many years’ experience in corporate banking leadership roles, but says the sweet spot for her is where charity connects with the private and public sectors.

Small Charity Week (14 - 19 June 2021)

We know that many of you work or volunteer in the small charity sector, for example as independent examiners, advisers or by giving your time to the sector as trustees.

Accounting for a change in legal form

Charities may change their legal form, for example if trustees of an unincorporated charities decide to establish a charitable company or Charitable Incorporated Organisation (CIO) to continue the charity’s work in an incorporated structure. This may be decided as a response to the changing activities of the charity and the risks involved.

ESG, what can corporates learn from the charities’ reporting framework?

We are in the middle of a boom for ESG reporting, driven by the growing realisation of the risks arising from climate change and inequality, a realisation that has now permeated into capital markets. Every day sees a new tool for ESG or SDG or Sustainability Reporting. Recent proposals for a European Corporate Sustainability Reporting Directive and for IFRS to establish a Sustainability Standards Board alongside the International Accounting Standards Board will make some form of non-financial reporting as commonplace as financial reporting.

SORP Development – 15 review topics agreed for the Charities SORP Update

Premium Content: This is exclusive item - please log in or subscribe to view this item.

Following feedback from the SORP engagement strands, the SORP Committee has agreed 15 topics to be reviewed as part of the process for updating the SORP.