More on the upcoming charity accounting standard

With the consultation on a new draft Statement of Recommended Practice (SORP) for charity accounts underway in the rest of the UK, Northern Ireland umbrella body NICVA points out that charity law there does not currently require the charity SORP to be followed. However, those charities using the current version will need to understand what will be required by the new one. Read more at http://www.nicva.org/news/alert-new-charity-sorp-published-comment.

Charity Finance Group has a useful piece headed ‘What’s really new about the new SORP?’, which gives an idea of the range of considerations for the sector in bringing this SORP in, http://blog.cfg.org.uk/index.php/whats-really-new-about-the-new-sorp/.

A number of consultation events are being held across the UK and Republic of Ireland by sector bodies and others – some may cost or be restricted to members only. See list at http://www.charitysorp.org/about-the-sorp/sorp-consultation-events/.

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