Accounting body and regulator tackle charity reporting

The Association of Chartered Certified Accountants and the Charity Commission have signed a memorandum of understanding that will see them working more closely together to help raise charity reporting standards.

Glenn Collins, head of advisory services at the association said that the memorandum would raise the standards of charity reporting through educational and research activity. It would also improve the handling of poor or unethical practices by ACCA members working for registered charities, he said.

“Both organisations could see the mutual benefits and opportunities – the benefits of pooling knowledge and experience gained from different stakeholders and ACCA’s excellent research,” said Collins.

Andrew Hind, chief executive of the Charity Commission said the memorandum will focus on raising the already high standards of international charity reporting and will allow ACCA members to have public confidence in the Charity Commission.

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