Institutes seek views on charity financial reporting

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The CCAB, a lobby group representing the main accountancy institutes, wants to hear how financial reporting rules for charities can be improved.

The CCAB, which includes the ICAEW, ACCA, ICAS, CIPFA and Chartered Accountants Ireland, wants not-for-profit organisations to do an online survey by 9 December.

As AccountingWEB reported in September...

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So what's wrong

with SORP.

As long as the accounts show where the money has come from and where it goes to, I don't see a problem. The only concern I have with some non profit oranisations is that some seem to think large reserves are needed in case of a "rainy day".

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