10 Mar 2014
Our weekly round-up of outlandish and interesting information collected from the corners of the charity sector.
CFG opposes the proposal in the new Sorp that charities ought to be required to disclose the job title and salary of the highest earner within their accounts.
The Shadow Sorp Working Party has identified a number of areas in the draft of the new accounting framework for the charity sector “where an opportunity has been missed”.
Charities and social enterprises will get to scale in health - if they are given a chance. The improvements that they can deliver are huge.
The sector needs strong financial accountability, but the format of the proposed new Sorp is unlikely to deliver it, fears Don Bawtree.
Charity finance professionals that want to keep the existing Financial Reporting Standard for Smaller Entities should make sure they respond to the Sorp consultation, says Helena Wilkinson.
The Shadow Sorp Committee headed by BDO partner Don Bawtree has expressed unease about the length and complexity of the first draft of the new Sorp, and suggested that it might be better reduced to a principles-based statement.
25 Mar 2014