What is an IE?
Independent examination is form of external scrutiny suitable for smaller charities. The role of the examiner is to provide an independent scrutiny of the accounts and, in this way, help maintain public trust and confidence in charities.
For more details click on the following links specific to the three UK charity regulators:
IE is a proportionate and less onerous form of external scrutiny for smaller charities: it is more appropriate for smaller charities than a costly audit designed for large companies and is carried out to national and international auditing standards by a registered auditor.
An independent examiner carries out sufficient work to provide a negative assurance that:
● No evidence was found of a lack of accounting records
● Nor of the accounts failing to reflect those records
● Nor of the accounts failing to comply with the relevant legislation depending on which part of the UK you live in.
● No other matter needs to be reported, such as:
Independent examinations are one important element in a larger system of regulation and scrutiny of charities. Charity law requires all trustees to prepare accounts for their charity. The trustees of registered charities must also prepare a trustees’ annual report. Combined, the report and accounts tell the Charity Regulator, donors and others what the charity is set up to do, what it has done in the year and how it raised and spent its money. The role of the examiner is to provide an independent scrutiny of the accounts and, in this way, help maintain public trust and confidence in charities.