CHARITIES
The Audit Experts can provide independent examination and audit services to Charities in England and Wales. An auditor must be registered with a recognised professional body to provide this service. We are registered with The Association of Chartered Certified Accountants (ACCA) and are authorised to operate as registered auditors in the UK under registration number 2000001015. The following is a summary of the regulations that determine whether a complete audit or independent examination is necessary:
- An independent examination is necessary if the charity’s income exceeds £25,000. This must be conducted by an independent person who is reasonably believed by the trustees to possess the necessary practical experience and ability to conduct a competent examination of the accounts.
- If the charity’s income exceeds £250,000 but the audit thresholds are not met, an independent examination must be conducted by Fellows of the Association of Charity Independent Examiners or members of eligible accounting bodies, such as ICAEW or ACCA.
- A statutory audit is required for the charity if it satisfies either of the following criteria:
- It has an income exceeding £1 million.
- It has gross assets exceeding £3.26 million and an income exceeding £250,000.
Please contact us to arrange an initial discussion if you are interested in conducting an independent examination or audit of your charity.
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