The consultation, which runs until 11 December, will focus on the Sorp based on the FRS 102 Financial Reporting Standard, one of two that have been in use.
The other standard, based on the Financial Reporting Standard for Smaller Entities, has typically been used by smaller organisations, including medium-sized charities below the audit threshold, but is being withdrawn.
The consultation paper says the Sorp is being reviewed on a three-yearly cycle, and views are therefore being sought ahead of the Financial Reporting Council’s Sorp review, which is expected to start next year.
The new research consultation is seeking views on the Sorp’s structure, format and accessibility, and any implementation issues from the most recent Sorp.
Other areas of interest include items that could be removed, changed or added to the new Sorp.
Any changes are likely to be introduced in 2019, with the FRC expected to complete its review of FRS 102 by 2018.
Nigel Davies, head of accountancy services at the Charity Commission and joint chair of the Sorp Committee, said: "We hope that sector practitioners and users of charity reports and accounts will take the opportunity to tell us about what needs improving and share with us their ideas or solutions. The FRC is committed to a more frequent cycle of reviewing the standards that make up UK-Irish Generally Accepted Accounting Practice, and now is a timely moment to feed in your ideas for change."
Laura Anderson, head of enforcement at the OSCR and joint chair of the Sorp Committee, said: "When we published the new Sorp in 2014 we sought to develop a reporting and accounting framework that serves four charity law jurisdictions, each with its own reporting traditions and needs. We look forward to gathering views across the UK and Ireland on how the Sorp can serve the charity sector well for the future."