18 Sep 2014
Lisa Nandy, the shadow minister for civil society, has written to David Cameron demanding an inquiry into the “squandering” by the Cabinet Office and Big Lottery Fund of millions of pounds of public money on “questionable projects” run by Big Society Network.
Two separate Statements of Recommended Practice are needed to govern charity accounts, according to a consultation analysis published today by the Charity Commission and the Office of the Scottish Charity Regulator.
Michael Brougham looks at common errors made by independent examiners and the problems these can cause.
Christopher Stephen-Haynes assesses independent examination as a form of external scrutiny for smaller charities.
Basically it looks like the government stuffing public money into their friend's pockets without actually expecting them to do anything for it.
Charity regulators may replace the current Sorp with two separate sets of guidance when a new version is published this year, according to the head of accountancy policy at the Charity Commission.
M&A activity among mid-tier audit firms is creating new challengers in the charity audit hierarchy, finds Diane Sim.