Our report reviews these current risks along with emerging threats such as cyber-security, as well as other pressures such as the race to Net Zero. We offer insight on revised auditing standards ISA 315 and ISA 240 and what this means for charities in audit season.
Anticipated changes to FRS 102 and a potential new international not-for-profit accounting framework round off our 2023 report. We summarise these financial reporting proposals and remind the sector to be aware of significant reporting changes on the horizon, along with top tips on achieving clarity.
This year’s publication considers sector risks, financial reporting and audit changes, as well as the broader not-for-profit (NFP) environment.
We hope your organisation finds our 2023 report insightful. If you have any feedback or suggestions for future editions of our annual report, contact Stephen Dean.