Preparation and audit of charity accounts - an introduction
Member price: £144.50 + VAT
Non-member price: £170 + VAT
Please note, the ICAS member discount will be applied after checkout.
Edinburgh, 12 September 2019
Glasgow, 5 December 2019
What you will learn
Charity annual reports and accounts are very different from those of companies in the 'for-profit' sector. This seminar will use case studies and real-life examples to provide an insight into the key aspects of a charity’s financial statements and link these back to the principles underpinning charitable status.
Focussing on the latest requirements and best practice it covers the key accounting treatments and disclosures that are unique to charities. It also looks at the frameworks for performing a charity audit or independent examination.
Who should attend
This introductory course is targeted at accountants and auditors with limited prior experience of charity accounts and also charity staff who are new to finance and statutory reporting. An understanding of general accounting principles is assumed.
Full speaker list
Our group of presenters have worked across both the private and public sectors within external audit, financial accounting, management accounting and internal audit. They have experience both working in these fields and delivering seminars in the areas of governance, risk, value for money and fraud to managers with a broad range of backgrounds (financial and non-financial).
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After attending the seminar, you will be able to:
- 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 from that used by commercial entities
- Approach a charity audit or independent examination and deal with some of the more challenging areas
Tel: 0330 060 3303