Accounting for Charities 2024 (Aug 24)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODCHCOIE24S6 | Type: Video | Course Level: Intermediate | Speaker: Lindsay Webber | Date: 01/08/2024 15:30
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 course, we recap the thresholds for both preparing accounts and having those audited, including the proposals of the new Charities (Amendment) Bill 2023. We 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 also look at what lies ahead for charity accounting, and what changes we might see over the next few years.
The course includes:
Lindsay Webber