Cash or accruals: choices made by Scottish charities with income under £250,000

Wednesday, September 19, 2018 11:38 AM | Anne-Marie Barry (Administrator)

Elaine Alsop and Gareth Morgan report on a study assessing how the receipts and payments regime is currently operating for Scottish charities.

Key points from the study

  • There is an appetite for the R&P regime among larger charities eligible for this concession, with Scottish charities and their advisers appreciating the usefulness of R&P accounts for engaging stakeholders.

  • Professional accountants acting for charities should ensure that their knowledge of charity accounting is kept up to date to ensure that charity accounts are of sufficient quality.

  • There is concern among qualified charity treasurers, that independent examination fees are not sufficient to reflect the work that is required.

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The Association of Charity Independent Examiners

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