A accounts monitoring review focused on the 97 charities that filed accounts in 2016 with a modified audit opinion, meaning that their accounts could be materially misstated. It found that the majority of those charities fell into one of two categories.
During the summer, CCEW undertook their annual review of a number of sets of submitted accounts as part of the double default class inquiry. The review focuses on charities who fail to file accounts properly in two consecutive years, so-called ‘double defaulters’.
In April 2017, the Information Commissioner’s Office (ICO) issued penalties to a number of household name charities for breaches of data protection rules.
The three UK Charity regulators, the Charity Commission for England and Wales (CCEW), the Office of the Scottish Charity Regulator (OSCR) and the Charity Commission for Northern Ireland (CCNI) have issued new enhanced joint guidance setting out what auditors and independent examiners must report to them.
Click Here to Read the Autumn 2017 Newsletter in Full. Making Tax Digital for Business: Plans Delayed New Tax-Free Childcare (almost) Up and Running Using the Lifetime ISA to Buy a First Home Off-Plan Purchases and Principal Private Residence Exemption PAYE and Making Tax Digital Hackers’ Favourite Sport – Phishing New Ways to Raise Business …
Click here to read the Charity Newsletter Spring 2017 in full.
From 6 April 2017 all employers, including charities, who have an annual paybill (broadly earnings subject to class 1 national insurance) of over £3,000,000 will be subject to the apprenticeship levy.
The CCEW have issued updated guidance aimed at supporting charities to meet their annual reporting duties under SORP FRS 102
