Accounting changes 'damage accountability'

By David Ainsworth, Third Sector Online, 3 September 2008

A Government decision to loosen accounting procedures for charities has been criticised by one of the country's leading charity accountants.

Nick Brooks, head of not-for-profit at accountants Kingston Smith and chair of the charities technical group at the Institute of Chartered Accountants in England and Wales , said accountability and transparency in the sector had been damaged by the decision of the Office of the Third Sector to let the...

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