Independent examination of charity accounts
The COVID-19 pandemic will have a significant impact on the independent examination of charity accounts, both on the nature of the work that will need to be performed and the practical difficulties involved. To address these issues the charity regulators have published supplementary guidance for independent examiners for the work they perform during times of national emergency.
The main areas this guidance covers are:
- the impact of the pandemic on obtaining access to the charity’s records, particularly when social distancing measures are in place
- access to those in management and control of the charity
- additional risk factors the examiner will need to consider
- implications for the examiner’s report
- sign off and filing of accounts
Examiners will familiarise themselves with this supplementary guidance, but it will also be beneficial for small charities subject to independent examination to be aware of the issues it covers. Charities can arrange to have the necessary documentation ready to ensure that the examination process goes as smoothly as possible.