Finance News: Charity examiners currently excluded as draft Bill stands

Members of the Association of Charity Independent Examiners could be banned from examining charity accounts unless the Charities Bill is changed.

The Bill proposes to raise the income threshold for charities able to have their accounts independently examined rather than professionally audited, from £250,000 to £500,000. But the list of professional qualifications in the draft bill required for those permitted to examine charity accounts is based on reporting accountants under company law and excludes members of the association.

David Ralph, chairman of the association's council, said: "If full ACIE members who are professionally qualified to work with charity accounts up to the limit for independent examination cannot examine all charity accounts, it brings our existence into question."

ACIE is calling on the Bill's scrutiny committee to ensure that its members are added to the list.

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