Friday, June 29, 2012

Commission to start spot checks on accounts of big charities too - Civil Society - Governance - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Commission to start spot checks on accounts of big charities too - Civil Society - Governance - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: The Charity Commission is to expand its system of spot checks on charities’ accounts to encompass organisations of all sizes, not just small charities.

The revised policy is revealed in the regulator’s 2011/12 annual report and accounts, published today. It states that instead of only conducting random checks on accounts of charities with income of less than �25,000, in future it will review a sample of accounts of charities of all sizes, to check that they meet relevant accounting requirements.

No comments: