SORP: Consultation open
The Charity Commission for England and Wales and the Office of the Scottish Charity Regulator have opened a joint consultation on proposed changes to the charity SORP, the standards for preparing charity accounts. The consultation proposes 21 changes which have been deemed necessary to reflect changes made to FRS 102, the national accounting standard on which the SORP is based. The consultation is open until 4 April and more information can be found here.
If you would like to share your thoughts with ACF, please contact firstname.lastname@example.org.