Preparation and audit of charity accounts - an introduction
Online Live price: £144.50 + VAT
Member price: £144.50 + VAT
Non-member price: £170 + VAT
Please note, the ICAS member discount will be applied after checkout.
Online Live, 17 April 2020
Aberdeen, 24 July 2020
Edinburgh, 17 September 2020
Dundee, 16 October 2020
Glasgow, 3 December 2020
Charity annual reports and accounts are very different to those of companies in the 'for-profit' sector.
This seminar will use case studies and real-life examples to provide a detailed insight into what is required, how to compile a set of financial statements for a charity which is compliant with the charity SORP and how to approach an audit or independent examination.
Who should attend
This introductory course is targeted at accountants and auditors with limited prior experience of charity accounts.
A good understanding of general accounting principles is, however, required.
What you will learn
- Appreciate the key features of the regulatory and legal framework applying to Scottish charities, including the requirement for audit and independent examination;
- Understand the format and content of charity accounts under the charity SORP and how these differ from accounts in the ‘for profit’ sector;
- Confidently approach trickier income recognition and fund accounting issues often faced by charities using relevant SORP principles and be able to differentiate the approach required to that used by commercial companies; and
- Understand how to approach a charity audit or independent examination and how to deal with some of the more challenging issues it throws up.
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