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Charities are still let down by poor accounting, says review
By Paul Jump, Third Sector, 10 September 2008
Poor basic accounting and reporting are still at the heart of most charity malpractice, according to the Charity Commission's first annual review of the key themes from its compliance work, which is published today.
The Charities Back on Track report reveals that the commission carried out 799 assessments of public concerns over the past year. Cases were opened on 170 of them, and 19 resulted in formal statutory inquiries. It says the regulator's compliance work protected £16m of charitable assets. An emerging theme, it...
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