Report financial irregularities, charity auditors reminded
The Charity Commission has published new guidance that reminds charity auditors of their duties to report matters of material significance to the Charity Commission or the Office of the Scottish Charity Regulator.
The guidance reads: “The sooner the charity regulators are made aware of a matter, the sooner it can be considered and, where appropriate, regulatory action taken to protect a charity, its beneficiaries and its charitable assets.”
The commission will also be producing revised guidance on the similar duties of independent examiners in May.
Auditors already had such duties under the 1993 Charities Act, but they have been updated in the 2006 Act and the Trustee Investment (Scotland) Act 2005.
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