Independent examination of charity accounts

System
System Posts: 100,537 🤖 Admin 🤖
edited June 9 in AAT member discussion
I'am Treasurer of a local charity with income and expenditure under £10000 each year. Although not mandatory, we have our accounts independently examined as a measure of good practice.<BR><BR>In this financial year, our independent examiner has donated some money (less than 0.25% of our approximate anuual income). Ethically speaking, can our independent examiner still examine our accounts or should we select someone who has no connection at all with the charity in this financial year.<BR><BR>On behalf of the trustees, any input will be most welcome.<BR><BR>Many thanks for your help.

Comments

  • System
    System Posts: 100,537 🤖 Admin 🤖
    Independent examination of charity accounts

    I don't think there is a problem on the grounds:<BR><BR>1. The amount is immaterial (£25?)<BR>2. The money is received in the normal course of the charity's business. i.e. if our auditors bought software off of us it wouldn't mean they couldn't audit our accounts.<BR>3. The audit is being undertaken voluntarily.<BR><BR><BR>
  • System
    System Posts: 100,537 🤖 Admin 🤖
    Independent examination of charity accounts

    smcgiff<BR><BR>Many thanks for your help. It's very much appreciated.
  • System
    System Posts: 100,537 🤖 Admin 🤖
    Independent examination of charity accounts

    Help!!<BR>I'm new to the forum and working voluntary for a charity organisation.<BR>Any advice is welcome, the organisation has had no treasure for six months and i'm helping them in this department. what is confusing is on last years accounts the company has paid no vat on their invoices. THIS YEAR THEY HAVE BEEN PAYING FULL VAT.<BR><BR>CAN WE CLAIM IT BACK? SHOULD WE BE PAYING VAT? IF SO WHY WEREN'T THEY LAST YEAR?<BR><BR>like i say i'm new & sorry it isn't in reply to your question.<BR>

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