Board issues revised guidance for auditors

The Auditing Practices Board is inviting third sector groups to comment on its revised charity guidance.

The guidance has been revised to reflect new international accounting standards, changes brought in by the Charities Act 2006 and updates to Scottish charity regulations.

Charities have until 10 July to respond to the draft document, which is available on the APB website.

Changes include notes about auditors’ whistle-blowing responsibilities. The guidance says they should report any anonymous donations worth more than £25,000 and any suspected “abuse of beneficiaries”.

Don Bawtree, lead partner for charities at auditing firm BDO Stoy Hayward, advised charities to look closely at the sections on legacy income and reporting of funds that are designated for particular charitable activities.

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