Audit for club accounts

10110527
10110527 Registered Posts: 16 Dedicated contributor 🌟 🐵 🌟
One of my clients is a member of a local crafts organisation with a an annual turnover of approx £800. She has asked me whether their accounts(which I don't maintain) need to be audited. They have a constitution which apparently doesn't specify that they need auditing; I was under the impression that the constitution is the governing document of the organisation and I believe that if it doesn't say they have to be audited, then they don't!. They are not a registered charity or limited company. So I'm going to say they don't. Would anyone disagree with me on this? Thanks!

Comments

  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    I don't know definitively, but I would not disagree with you :)
  • T.C.
    T.C. Registered, Tutor Posts: 1,448
    Local clubs don't usually need any form of audit or check.
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