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Aims
The Charities Act 1993 introduced the concept of Independent
Examination as an alternative to audit, for
unincorporated charities whose total income is in the range
£10,000 to £250,000.
Anyone other than
a registered auditor who has previously "audited" the
accounts of a charity will now need to act as an Independent
Examiner. But Independent Examination goes much further than the
type of informal audit which many charities have had in the past
- anyone who is going to act as an Independent Examiner needs to
understand all the steps that must by law be carried out.
Course Content
- Brief recap
of new accounting requirements under Charities Act 1993
and the concept of Independent Examination
- Producing the
published accounts - who is responsible
- When
Independent Examination is permitted: the difference
between Audit and Independent Examination
- Choice of
person to act as Independent Examiner
- Letter of
instruction and personal indemnity issues
- Stages to be
carried out by the Independent Examiner
- Examination
of Receipts and Payment Accounts
- Examination
of Accruals Accounts
- Obtaining
assurances
- Form of the
Examination's report
- The Annual
Report - the new legal requirements
- Whistleblowing
duties - when must the Examiner contact the Charity
Commission?
- How to make
best use of your Independent Examiner
Who should
attend?
People currently acting as "informal auditors" to
charitable groups - who will now need to act as Independent
Examiners Treasurer's, Chairs, and Managers/Finance Officers in
charitable associations - who will need to understand what is
involved in Independent Examination and how to select and work
with an Independent Examiner
A general
appreciation of the new charity accounting rules/SORP is assumed
- those new the new regime are strongly recommended to attend the
course "Understanding the New Charity Accounting Rules"
prior to this course.
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