New Forest

30/10/2019

External scrutiny benchmark

The Charity Commission (CC) has published details of the ‘External scrutiny benchmark’ that it uses to assess filed charity accounts to determine whether they meet the minimum expected standard. Although some may find the criteria included as part of the benchmark quite basic, CC’s own research shows that only 76% of the accounts filed by larger charities with income greater than £1 million meet all of the criteria. For smaller charities the failure rate is much higher.

By publishing the benchmark the CC hopes that charities will be better placed to ensure that the accounts they prepare meet all of the minimum standards. This is true not just for charities that prepare their accounts themselves, but also where they employ a professional accountant to do so, enabling them to assess whether the adviser has the necessary skills and expertise to prepare charity accounts.

Latest Tweets

Under new rules, large and medium sized organisations who pay workers via personal service companies will need to change their procedures from 6 April 2020 https://t.co/TJ8eZEdu55

From April 2020, business insolvencies will be handled differently with HMRC gaining preferential treatment over providers such as banks https://t.co/4KENSytaDL

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.