Shift to More Proportionate Accounting Regime for UK Charities
New Charities Statement of Recommended Practice: Accounting and Reporting by Charities (‘the SORP’) makes charities’ financial reporting more proportionate Shift to More Proportionate Accounting Regime for UK Charities In finalising the new accounting framework, the charity regulators across England and Wales, Scotland and Northern Ireland (who together make up the SORP-making body) have balanced a desire for simplicity and clarity for charities with the importance of transparency for donors...
