Course Details

Charity assignments are susceptible to a higher-than-normal risk level due to several factors. One such factor is the requirement to ensure that their accounts are prepared in accordance with an applicable financial reporting framework. 


Although the SORP is not mandatory for charities in Ireland, many are choosing to prepare their financial statements in accordance with the SORP, either as best practice or at the request of other stakeholders.


In this session, we recap the thresholds for both preparing accounts and having those audited, including the proposals of the new Charities Bill 2022. We will also cover some of the key considerations when applying SORP, looking at some common problem areas. With both FRS 102 and the SORP undergoing review, we will also look at what lies ahead for charity accounting, and what changes we might see over the next few years.


The session includes:

  • A recap of the requirements to prepare accounts and have them audited, including the proposals under the Charities Bill 2022;
  • Selecting an appropriate accounting framework;
  • Key accounting issues for charities applying the SORP; and
  • The future of financial reporting for charities.

CPD Course Speaker

Grant Thornton

Claire Thomson - Director

Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she is now with Grant Thornton, based in Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK advice and support to local and international offices

OmniPro Strategic Solutions

Lindsay Webber

As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.

Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.

Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.