Northern Society of Chartered Accountants

Home > Events > Small charities accounting & independent examination update

Small charities accounting & independent examination update

Accountants acting for small charities continue to face a major challenge keeping abreast of fast-changing rules and guidance issued by both accountancy bodies and the Charities Commission.

A key change for 2017 is the new Charities Commission rules on the conduct of independent examinations, which are expected to take effect for accounting periods ending on or after 31 March 2017.

This half day seminar will clarify recent accounting rule changes, in particular those affecting smaller charities, and provide practitioners with a range of practical tips to ensure that they and their clients are complying with them.

Content will include:

• The new Charities Commission rules on independent examination – what changes and how to comply
• The choice of SORPs for smaller charities – what’s happened in practice
• New GAAP for small charities – 12 months on what were the real problem areas?
• Tricky areas of accounting and where smaller charities often go wrong (e.g. accounting for grants; accounting for restricted funds)
• The demise of Kids Company – lessons learnt for smaller charities and their advisors
• Common problem areas in independent examination files – a file reviewer’s perspective
• Accounts production for smaller charities – what the software gets wrong; and how to put it right
• Charities Commission roundup for smaller charities