Wednesday, May 27, 2009

Most opposed to 'free-form' accounts for small charities - Third Sector

Most opposed to 'free-form' accounts for small charities - Third Sector: "Charities are not in favour of giving more freedom to small organisations in the next Statement of Recommended Practice, research by the Charity Commission has found.

About 60 per cent of charity accounting experts responding to commission research said they did not want more 'free-form' accounting for small organisations involving less requirement to follow the Sorp, which gives charities guidance on how they should set out their annual reports and accounts. Only 19 per cent backed more freedom for small charities."

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