Charity Commission: Reporting on matters of material significance

4th June 2020

The Charity Commission released updated guidelines in April 2020 for auditors and independent examiners. This was based around the statutory duty to report to the charity regulators in the UK on matters of material significance.

 

The three main changes in this updated guidance are as follows:

  • confirmation that difficulties in carrying out an audit or independent examination that are solely due to a national emergency need not be reported
  • amendment to the guidance on the timing of reporting to reflect the different circumstances when a report should be made
  • clarification that the guidance only applies to internal audit engagements in very limited circumstances

 

For the full guidance, please see the link below:

https://www.gov.uk/government/publications/guidance-for-auditors-and-independent-examiners-of-charities

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