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Charity audits under review

by | Jul 31, 2017 | ACCA, financial reporting

FRC asks for comments on proposed changes that reflect developments in legislation and regulation The Financial Reporting Council (FRC) has asked for comments on its proposed revisions to Practice Note 11: The audit of charities in the United Kingdom, by 25 August. It...

New UK GAAP is here

by | Jun 29, 2017 | ACCA, financial reporting

Revised Companies House guidance aims to address filing confusion For accounting periods commencing 1 January 2016, all company accounts have to be prepared and filed under the ‘new’ UK GAAP regime. This means that there is a number of options available, particularly...

Model accounts for charities

by | Jun 26, 2017 | ACCA, financial reporting

The Charity Commission has updated its accounts pack for charitable companies with income under £500,000. CC17 Charity accounting templates: accruals accounts (CC17) SORP FRS 102 for charitable companies provides templates, suggested notes and explanation, and...