Reporting matters of material significance: guidance for auditors and examiners

Sunday, April 02, 2017 9:59 AM | Doug Miles (Administrator)

New enhanced joint guidance from UK charity regulators sets out what auditors and independent examiners must report

The new guidance adds 2 new areas for reporting:
  1. If an auditor has concerns regarding a charity’s accounts and issues a modified audit opinion report or qualified independent examiner’s report.
  2. Where an auditor has concerns that conflicts of interests or related party transactions have not been properly managed or declared.
  3. Matter 8* from the previous list of matters to be reported has been removed. This is due to the fact that this led to auditors and independent examiners advising the regulator where they had simply ceased to hold office. Where ceasing to hold office occurs due to a reportable matter this is covered by an alternative matter 
Click here to access a full copy of the guidance

*Matter 8: “Any notification or matter reported to the trustees on resigning as independent examiner or matter that the examiner is aware of on resignation or ceasing to act that falls within the categories of the previously set out reportable matters, or for examiners the notification on ceasing to hold office or resigning from office, of those matters reported to trustees”.

The Association of Charity Independent Examiners

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