Trustees are jointly and severally responsible for the proper stewardship of the assets of their charity. It is therefore essential that all trustees understand charity finance and feel that they can monitor and question financial information, and can make major decisions jointly with the other trustees regarding financial planning and major expenditure. This course is a must for all trustees whether they have some or no financial expertise.

Efforts are under way to raise standards among both audit committees and auditors. Don Bawtree reports

Updated audit guidance incorporating new international standards and charity accounting regulations has been released by the Auditing Practices Board. Don Bawtree reports. Additional analysis by Richard Weaver.

Most board members, at some time or other, have sat in meetings and wondered what on earth is going on when the finances are being discussed. Don Bawtree provides an overview of the key financial terms.