Consultation: Consultation Draft of a Revision to Practise Note 11: The Auditing of Charities in the United Kingdom

 

This consultation is now closed.

The ASB published a consultation draft of a revision of Practice Note (PN) 11: The Audit of Charities in the United Kingdom. The suggested updates to PN 11 reflected:

- the replacement of Statements of Auditing Standards by ISAs (UK and Ireland);

- changes to the Charities Act 1993 (which apply to charities in England and Wales) as a result of the implementation of the Charities Act 2006 on 1 April 2008;

- changes to the legal and regulatory arrangements for charities in Scotland, including the establishment of the Office of the Scottish Charity Regulator (OSCR) which apply to accounting periods commencing on or after 1 April 2006;

- changes to the guidance on the Charity Commission's interpretation of material significance in the context of whistleblowing responsibilities.

Further Information:
Linkwww.frc.org.uk