Guidance for Independent Examiners working on charity accounts
What do Independent Examiners need to consider when looking at charity accounts? Andrew Paul offers some useful tips.
With increasing interest in how charities spend their money, the role of Independent Examiner (IE) has never been more important, yet it is also a widely misunderstood appointment. Even though the role was created in the early 1990s as part of reducing the regulatory burden on smaller charities, the examiner is still often referred to as an auditor.
Clearly, we know that we are not carrying out an audit, but what are the key elements that we should consider as an IE?