UK charity regulators issue guidance on stricter auditing

(via Third Force News)

By Robert Armour

All three UK charity regulators have joined to urge auditors to be more vigilant when analysing charity finances.

A new publication Reporting of relevant matters of interest to UK charity regulators from the Charity Commission for England and Wales, the Scottish Charity Regulator (OSCR) and the Charity Commission for Northern Ireland offers financial professionals guidance on how to do so while offering pointers into what to look out for.

It is the first time the regulators have provided examples on where reporting would be helpful by auditors when reporting matters that are relevant but not a legal requirement to report.

The publication is in response to recent high profile cases, particularly the closure of London charity Kids Company, which led to criticism from the regulator that auditors had been too reticent to voice their concerns. 

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